U.S. oil is surging. Here's what it means for the climate
View on ClimateWire, E&E News website"But an argument can be made that increased American oil production has also stoked demand, said Daniel Raimi, a researcher at Resources for the Future, a Washington-based think tank. Increased American production has brought more oil onto the market, keeping prices low. 'And because those prices are lower, it is encouraging additional consumption around the world,' Raimi said. 'To the extent additional consumption is because of additional U.S. production, then, yes, I think it is fair to say additional U.S. production has contributed to higher emissions globally.'"
