This is a very interesting idea you brought up. Im definitely going to think about this more how it relates to steem, but the problem that caused oil to drop was basically for a long time you had an Oligopoly (small amount of firms selling a single good) that controlled oil in the middle east and decided to only let a certain amount flow out at a time. Now with increased production in various parts of the world , this Oligopoloy was forced to turn more into a competitive market which is why the prices fell. The oil prices were always inflated to begin with because an Oligopoly controlled the supply. I guess we can see something similar here, if one bad actor decides to dump at a massive rate.
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