<p>Not sure as to why there is so much blame going to hedge fund managers. They can spectacularly crash and burn too. It’s just a bunch of wealth folks and institutions (like universities) placing bets on markets. Like mutual funds, common stocks and exchange-traded funds which anyone with a trading account and a little capital can dabble in.</p>
<p>Many here may be jealous of their returns or of the people running them but they go bankrupt too. The downside can be really huge along with the upside.</p>
<p>There are some pretty big bets on oil to the downside out there by some pretty smart people. On the other hand, there’s news like Indonesia becoming a net importer in the future and problems in Nigeria. Demand is running higher than supply pushing up the price. At some point, we get equilibrium. Either a higher price or lower demand.</p>