... of its independent variables. Crude-oil price, while significant, is practically unpre- dictable; exploration volume is really a matter of opinion; and labor productivity is almost as uncertain as crude-oil price. In contrast, the Hubbert model has only one easily measured and predictable independent...

... Aramco The gist of Taylor s1 discussion is that the logistic forecasting tech- nique developed by Hubbert has no basis and is therefore not a reli- able production forecasting method. We have a different opinion. We first elaborate on the sound and practical approach used in the Hubbert model before...

... for permission to use material from this document. Reservoir Surveillance cumulative production Mamora recovery production monitoring investment Hubbert model independent variable production forecasting Hubbert variance fraction production control exponential decline rate oil industry...

... the author for permission to use material from this document. production monitoring cumulative production natural gas availability november 1998 Reservoir Surveillance Startzman statistical method Substitution production control scarcity Hubbert model consequence Energy Economics JPT...

... the Hubbert model, which has advantages of simplicity and availability of data. Although this approach has several known inadequacies, it has withstood the test of time in numerous cases, and we consider it a fairly reliable supply predictor. We also used the Hubbert model to forecast demand. We found...