Publication date: 2009-01-01
First Published in Natural Resources Research
Authors: S.H. Mohr, G.M. Evans
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 historical 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: Springer