USA Today: “US Rushes to Fill Global Oil Supply Gap as Exports Reach Record High”
RFF Fellow Brian Prest comments on global oil markets.
“‘That’s really a big one-week jump,’ said Brian Prest, economist at Resources for the Future. ‘That week ending April 24 is the first week in American history where the United States has been a net exporter.’
... At the end of the day, US consumers will pay prices for what’s going on in the global market. ‘Whether that’s good or bad depends on those global events,’ said Prest with Resources for the Future.”
