What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
projected production
An Empirical Method to Make Oil Production Models Tolerant to Anomalies
Publication date:
2009-01-01
First published in:
Natural Resources Research
Abstract:
Modeling oil production is of interest to society and hotly debated. Often anomalies have occurred which makes modeling oil production via a particular theory (e.g., Hubbert’s bell curve) difficult. The empirical method described here allows for such historic anomalies to be incorporated while still using the underly theory. This method is explained using Hubbert’s bell curve and Former Soviet Union oil production as an example.
Published in: Natural Resources Research Volume 18, Number 1 / March, 2009, Pages 1-5
Available from: SpringerLink
