Global demand, oil + liquids: 100 million bbls / day.
Global production, oil + liquids: 100 million bbls / day.
Fungible: once "oil + liquids" is/are shipped, it doesn't matter where it came from, where it goes.
Five million bbls. Five hundred million bbls in the SPR. One percent.
Two-thirds = 3.5 million bbls to Europe.
Threepointfive percent of global production / demand.
The Bakken produces 3.5 million bbls in 3.5 days.
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