$50-60 New Normal or U.S Shale Bubble?, page-621

Theres definitely a lot of manipulation and games played with the oil price I agree.
However I think you give the Players too much credit, I don't think they are looking at the bigger picture.
Energy is the commodity which drives the world economy.
Banks can channel funding into the "shale revolution" or the " credit default swap" - it's the same sheet with a different label.
They get their selling fee regardless.
Hedge funds can manipulate and take 2 and 20% for their "services" but don't outperform the market.
https://www.google.co.nz/amp/s/amp.ft.com/content/291081ba-49df-11e7-a3f4-c742b9791d43
Oil has a real cost to make, is essential and depletes. With price below the cost of production supply will eventually fall.
There are probably plenty of "players" who know this but choose not to divulge.
It amuses me to do so for now.
So far my strike rate on Hotcopper is 3 from 5. I am just waiting until it becomes 5 from 5.