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
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    3 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
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      3 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
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      3 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.

  • FriendOfDeSoto@startrek.website
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    3 days ago

    The people who fact check news for a living are journalists. They exist on a spectrum from dubious to trustworthy. You’ll have you find some that you like.

    While it is possible today to check a lot of stuff yourself online, you can’t do it all. And if you are, you already are doing a journalist’s job.

  • siha@feddit.uk
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    3 days ago

    I’d start by getting a bit more specifics, as it is very difficult to prove/disprove very vague claims.

    For example:

    1. Where did you read about it?
    2. Which oil markets are being manipulated?
    3. Who is doing the manipulating?
    4. Which population(s) is/are affected?
  • qkall@friendica.world
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    3 days ago

    @MindfulMaverick

    a mix of ground.news, snopes (although they seem less reliable after their sale), looking for sources to the claim (white papers), and or seeing if i know anyone with insight (their field).

    and even then being cognizant and open for nee details… i’m aware there is probably some bias and or some propaganda to sort through.

    godspeed

    • Aatube@piefed.social
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      3 days ago

      note that this is a video channel that doesn’t seem to produce articles. every single piece on the frontpage is clickbait. Let’s see if they’re also BS.

      The End of Israel: The Ultimate Evidence
      You won’t see this on the BBC or CNN

      This is just what every Lemming knows about Israel already + “no apartheid could possibly endure”. The video ends on “When and how the system of ethnic supremacy in the eastern Mediterranean comes to an end is impossible to foresee, but end it will.”

      I see no original research.

      British Journalist UNCOVERS SHOCKING Iran War COVER-UP
      You won’t see this on the BBC or CNN
      Peter Oborne, US Politics, Global Politics

      This is just “British journalism is bad”, illustrated with examples from Daily Mail, Telegraph, BBC. I mean, you’re not wrong, but…

      No revelations here. The Guardian isn’t even mentioned and I think The Guardian is still pretty good.

      Domestic UK affairs are undeserving of the label “Global Politics” and absolutely not “US politics”.


      At this point I don’t want to analyze more videos. I’ll just post the headlines of the other four pieces on the frontpage.

      HE’S ACTUALLY DOING IT: Trump, Israel, and the End of the Global Economy
      The ULTIMATE Betrayal
      Richard Sanders - US Politics, Global Politics

      Lowkey EXPOSES Trump’s Iran War for Israel
      Lowkey EXPOSES Trump’s Iran War for Israel
      Lowkey - US Politics, Global Politics

      Iran War EXPOSED: The Video Trump Doesn’t Want You To See
      How Trump BETRAYED America for Israel
      Matt Kennard - US Politics, Global Politics

      Why Trump REALLY Attacked Iran
      The Chilling Truth Behind Trump’s Dark Agenda
      Lowkey - US Politics, Global Politics

      note this neat, website-exclusive disclosure:

      The views expressed in this video belong to the author and do not necessarily reflect the editorial policy of DDN.

      unwilling to take accountability, DDN’s editorial board does not seem strong.

      • daannii@lemmy.world
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        3 days ago

        That’s not the sort of content I encountered on YouTube. Now I’m thinking I sent the wrong link.

        okay I double checked cause I had a few videos saved

        Yeah I think I was mixed up.

        The icons are both Ds and I definitely mixed them up with each other.

        I just did a quick Google search to get the home page. And looked at the “about” and was like . Yeah that’s it. But I’m pretty sure I made a mistake. I didn’t mean to recommend ddN. But DW

        It’s DW news. Not DDN.

        https://youtube.com/@dwnews

        Yeah double down is clickbait. Like all of it. Yikes.

          • daannii@lemmy.world
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            3 days ago

            Yeah it’s high quality and independent investigations, not just repeating what everyone else says. I really like it and they seem to go in depth a bit more.

            I mistakenly thought it was a smaller news organization. It’s pretty big.

  • deifyed@lemmy.wtf
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    3 days ago

    I try to preface the information I share with my source(s) and what I think about it’s validity. I judge the validity based on the source(s) I get it from, how many different outlets are reporting the same, but maybe more important is the comment section. It’s always useful to see what other people, often smarter people, think about the article. Also, often multiple sides develop that can bring a more nuanced view. Keep in mind that most comment sections are echo chambers, and treat the comments as signals just like the statement the article is making. Nothing is true or false, it is just more or less likely