this post was submitted on 24 Aug 2024
1085 points (97.2% liked)
Memes
45673 readers
893 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Supposedly the argument for the recent absurd food prices is because of oil prices increasing (translates to shipping costs increasing) so much with Russia invading Ukraine and everyones sanctions on Russian oil plus the disruption of wheat production in Ukraine.
And then there's just plain old fucking greed.
FWIW prices are really high now here in America too, and we weren't relying on Russian oil.
Oil has a single price on the global market, doesn't matter if you're in the US or Europe.
As it turns out, moving oil across the ocean is really expensive. Even if you can buy oil at the same price in the US and Europe, it's still cheaper to buy it locally and not have to deal with moving it.