I don't think I agree with that. Today, what we see is ONLY run ups. . .without the speculators, maybe the prices would be less stables. . . less stables with upward trends!
We would actually have a chance to see some DOWNWARD trends. . .even for just a few days or weeks!
We do see downward movement. Just a month or so ago when 60 million barrels of oil were released onto the market, we saw a dramatic decline in the price of oil in a very short time, even though 60 million barrels is nothing and in terms of supply and demand and is almost meaningless.