I just read that oil markets are being deliberately manipulated to drive prices higher and make the impact on the population worse. Before I share or act on it, I want to verify if it’s true.

What are your go-to methods or tools for fact-checking economic or political news? Also, which communities on Lemmy (or the wider fediverse) are best for this kind of thing?

Thanks for any tips!

  • Björn@swg-empire.de
    17·
    2 days ago

    I mean, apparently the oil companies are reporting record profits. Doesn’t sound to me like they are suffering at all from their supply chain being disrupted.

    • fizzbang@lemmy.world
      4·
      2 days ago

      Profits will spike when supply is restricted because the cost to produce the product doesn’t increase. The consumer suffers because the same demand is competing for less supply. So yeah, shit sucks.

    • abbadon420@sh.itjust.works
      41·
      2 days ago

      They aren’t. Kuwait is the only oil-producing country that has no other export methods than through the strait of homuz. Even Irak has a pipeline through Turkey.