Manipulation is part of a market.
The ChiComs manipulated the dollar (by buying our debt) to keep it high to make us unable to compete with imports.
They now hold paper worth 1/2 of what they paid for it.
Too bad, so sad.
Large scale manipulators get hosed if you leave the market alone.
Oil is no different.
Yeah, well, I'm tired of them hosing me until the time comes that they get hosed.
And this time, they are lining up the suckers for when the price drops, including a lot of pension funds. So yet more people will get screwed by their actions.
These are not complex regulations. The Reagan economic boom operated under then, as did the economic expansions of the 1990s. But we've had major economic problems as a result of lifting too many basic regulations. The world economy is just too interconnected to have rogue speculators inflicting economic hardship on millions if not billions of people.