So either the oil price is being pushed down now, or it was pushed up before on multiple occasions, and will liked be pushed up again somewhere in the future.
Both. Saudi Arabia has been artificially inflating the price of oil for a number of years and is now artificially keeping it low to hurt competitors. Unfortunately for them, this is already hurting Saudi economy more than anticipated and is increasingly looking like a fatal mistake.
#1 World Oil Demand Still Growing
http://www.schwab.com/public/schwab/nn/articles/Black-Dog-Ar...
#2 The Dow Jones still looks pretty good despite the tumble to 2014 levels
https://www.google.com/finance?q=INDEXDJX%3A.DJI&ei=flkKVsud...
#3 Shangai index it at 2014 EOY levels
https://www.google.com/finance?q=SHA%3A000001&ei=mFsKVrjhEYu...
#4 Crude oil price is at 2009 and 2004 prices
http://www.macrotrends.net/1369/crude-oil-price-history-char...
So either the oil price is being pushed down now, or it was pushed up before on multiple occasions, and will liked be pushed up again somewhere in the future.