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Pops , I don't see any long term difference between supply and demand , it's just that they have a different timeline ,
which make the whole system unstable .
there is ( since 1942 ) an algorithm called the Ziegler and Nichols tuning response ,
every instrument tech got it drilled into their head at school
it would indicate that crude is in a strong under-damped response cycle
IE , for all of you benighted non instrument techs , the cycle become unstable !
the price feedback signal amplify at each half cycle bouncing off the top and bottom limits
a sharp rise crush demand , a deeply depressed demand destroy ongoing supply
some boom and bust appearing on the trends as spike and troughs with the same time period but stronger intensity
also called painting the chart for the result on a paper recorder
anyone has noticed some boom and bust crude oil price with associated boom and bust economic activity ?
Yee ! I thought so , it was all in my head
