Washington Post has expanded its investigating reportage section, Oil Shock, and continued to dig deeper into the new oil reality and the driving forces behind the dramatic increases in oil price. They point out remarkable events that have passed by unnoticed in most other media. For instance that earlier this month, Valero Energy in Texas…
Publication date: 2007-10-01 First Published in: Energy Sources, Part B: Economics, Planning, and Policy Authors: W. B Carlson Abstract: Logistic functions were used to model the depletion of the uniform resource for the case of world oil production. Results are presented for various curve fits to determine the value of parameters that best match the…
Publication date: 2007-10-01 First published in: Energy Sources, Part B: Economics, Planning, and Policy Authors: W. B. Carlson Abstract: Mathematical parameters relating to the sensitivity of oil production are modeled by the standard sigmoid function. An analysis of the function is fitted to present and past production data for different ultimately recoverable reserve (URR) assumptions.…
Downscaling from 116 Mbpd to 100 Mbpd is the first step of three that IEA must take when it comes to oil production in 2030. Energy Watchdog Warns Of Oil-Production Crunch The world’s premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil…
