When people talk about supply gluts crushing prices, are they really describing what's happening? Not necessarily.

What we're witnessing appears to be a cyclical imbalance—a temporary friction in the market that's already being reflected in current pricing. The self-correction mechanism is already at work. Supply swings, demand shifts, and eventually equilibrium reasserts itself. That's how markets function.

The real question isn't whether a glut exists, but whether the market is pricing that dynamic efficiently. Usually, it is.