FTC is now investigating the O&G industry for keeping prices high while their costs are dropping...to the detriment of you and I.
IMO, if nothing else, this somewhat brief and minor increase in oil supply should result in some minor price reductions at the pump...should that not happen, then the FTC will have more ammunition to go after the powers that be in the O&G industry...also, once OPEC starts increasing its production as it said it would, again there should be more price drops...we'll see what happens.
As for Climate Change...here's another authoritative link for you ;-), plus a few numbers...
Pre-Industrial Age Atmospheric CO2 (in GigaTons).....2,250 GTn
Added CO2 from Industrial Age......................................950 GTn
Current Amt of Atmospheric CO2................................3,200 GTn
Amt of CO2 added per year from Fossil Fuels..................40 GTn
For the CO2 being added each year, 65-80% is removed after 20-200 yrs...the rest takes a thousand or more years...bottom line...the amount keeps growing, as evidenced by the acknowledged data from Mauna Loa (see link)....more CO2 means more heat trapped in the troposphere...heat increases water and air activity...thus, more storms and climate shifts...and melting ice...at a much faster pace than we're prepared for...not good...and not necessary, given emerging alternatives (Wind, Solar...and Nuclear) to Fossil Fuels that have other critical uses.
BTW, this shift takes time and we need to "keep the plane flying" while we execute an intelligent transition (hence, short term "tweaks"...not easy, but a lot easier if everyone pulls together.
Link: https://www.climate.gov/news-features/understanding-climate/climate-change-atmospheric-carbon-dioxide