An Empirical Method to Make Oil Production Models Tolerant to Anomalies

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Journal Article
Natural Resources Research, 2009, 18 (1), pp. 1 - 5
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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., Hubberts 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 Hubberts bell curve and Former Soviet Union oil production as an example
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