Anyone consider that Big Oil might want prices to fall sharply because they've gone net short oil? Think about it - they can short oil in the futures market, up production, drop the price and close out their shorts and then let the price drift back up. How can one find out the net position an oil company has in the futures markets?
That would be like you finding a one dollar bill on the street tomorrow.... Son, they are the market...they stay hedged....all over the world SteveD