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So is the oil crisis cooled or is everyone trying to ignore it. (hexbear.net)

submitted 4 days ago* (last edited 3 days ago) by Athena5898@hexbear.net to c/askchapo@hexbear.net

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I can't for the life of me figure out the oil shit at this point. It feels inevitable that prices will go up more before the end of the year but America keeps doing this will they won't they thing with bombs.

Edit: thank you everyone for your response!

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[–] ndondo@lemmy.dbzer0.com 3 points 3 days ago

Economics seems to have incentive to pretend nothing is wrong. People don't spend money in economic downturns which accelerates the problem bc nobody is selling anything.

Not to mention a massive effort from China and surprisingly the US to maintain status quo by digging into oil reserves.

If stockpiles run out we'll probably feel the disaster. But until then everything's fine I guess don't worry about it