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146 comments on The Net Hubbert Curve: What Does It Mean?
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146 comments on The Net Hubbert Curve: What Does It Mean?
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| Show without comments | PDF version
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Xeroid,
I agree. I wanted to keep this post succinct so I did not venture into different Hubbert shapes etc., but the gross vs. net relation still exist as you point out.
I guess you could argue that the US--and other post-peak oil importers--are facing a "squeeze play," between declining domestic production (at a lower EROEI) and a long term decline in net oil exports.
The focus of our upcoming update to the top five net oil exporters paper is annual net export rate versus cumulative remaining net oil exports. For example, using 1996 as a final production peak, Indonesia's net exports in 1998 were only 9% below their 1996 rate, but by the end of 1998 they had shipped 44% of post-1996 cumulative net oil exports.