Oil is of course part of a global market; that global market consumes ~85 million barrels of oil every day.
Even the higher 13.7 billion barrel figure was only enough oil to power the world economy for five months, assuming you could magically get it out of the ground fast enough.
Even the higher 13.7 billion barrel figure was only enough oil to power the world economy for five months, assuming you could magically get it out of the ground fast enough.