147 comments on Peak Oil Update - September 2007: Production Forecasts and EIA Oil Production Numbers
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147 comments on Peak Oil Update - September 2007: Production Forecasts and EIA Oil Production Numbers
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GAIA Host Collective
Or that the forecasts are for TOTAL (estimated) cumulative production (integral of the function in the graph), not accurate day-to-day production rate.
Hence, estimates will be 'wrong' for month-to-month estimates, even if they might be dead on accurate about the actual final production in the end.
I doubt some people would be happy with any forcast if it doesn't show an immediate and continual decline nor follow the month to month fluctuations perfectly!! (Sarconal)
Re: Cumulative Production Versus Annual Production Rate
That is the point I made in the June, 2007 article on HL:
In Defense of the Hubbert Linearization Method (June, 2007)
http://graphoilogy.blogspot.com/2007/06/in-defense-of-hubbert-linearizat...
The Russian HL plot did suggest that Russia should be declining soon, which is why I found the following article interesting:
http://www.themoscowtimes.com/stories/2007/07/10/042.html
Tuesday, July 10, 2007. Issue 3695. Page 5.
The Moscow Times: Alfa Report Sees Trouble Looming in Russian Oil Sector
By Anatoly Medetsky
Staff Writer