https://strategic-culture.org/news/2023/04/11/davos-runs-into-opec-buzzsaw/
The main point is this: the way to destroy a market is to make it too volatile for the average person or even small hedge fund to trade. Constantly whipsawing the price from hither to yon and back again makes it impossible for the small players in the futures markets to maintain their margin requirements. Eventually, they are either the victim of ‘volatility washing’ or just give up and go trade something that isn’t batshit insane.
When you do this, flush out the small specs (speculator,s) you decrease market liquidity and make it the plaything of those with the deepest pockets. This has been the playbook used in the precious metals for years which guys like Craig Hemke (TF Metals Report) and others rightly complain about.