Please excuse my limited depth of knowledge regarding oil and energy, but the talk of having achieved "Peak Oil" and it's day to day effects on me, my family, and my community brought me to the dance late, so to speak.
I understand, just like in other commodities markets, that speculation can affect the normal demand/supply relationship. In other words, psychological reasons having absolutely nothing to do with the actual scarcity or availability of a product.
It's my belief that this false scarcity narrative being promoted by speculators, oil companies, and others should be counteracted. But how? If you can game the systems to produce higher prices based on a scarcity narrative, can a country do anything with it's retirement plan investments, strategic reserves, and money policy to "un-game" the system, in order to exert downward pressure on oil prices?
Any ideas or knowledge would be appreciated.
Duke