Publication date: 2012-01-30 First published in: Energy Sources, Part B: Economics, Planning, and Policy Authors: W.B. Carlson Abstract: The Hubbert linearization and normalizations for the rate of change of production have been used to depict the trends of oil production…
A recent publication in Energy Economics by Douglas Reynolds and Jungho Baek has analyzed the use of Hotelling and Hubbert theories as determinants for oil price. Their conclusion is that scarcity rent has little importance, while the Hubbert curve is…
Publication date: 2008-10-01 First published in: The Open Geography Journal Authors: J. Leigh Abstract: Oil has stoked the industrial society for the last century as the cheap energy source. However, ominous signs of oil depletion, in fulfillment of M. King…
Publication date: 2010-03-03 First published in: Geoforum Authors: E. Hemmingsen Abstract: M. King Hubbert’s 1956 prediction of a ‘peak’ in US oil production has spurred a durable and divisive debate on the exhaustion of the petroleum resource. Pitting physical against…
Publication date: 2010-02-01 First published in: Energy & Fuels Authors: I.S. Nashawi et al Abstract: The year 2008 has witnessed unprecedented fluctuations in the oil prices. During the first three-quarters, the oil price abruptly increased to $140/bbl, a level that…
Publication date: 2004-08-16 First published in: Oil and Gas Journal Authors: A. Imam et al. Abstract: A new, multicyclic approach to modeling future global production of natural gas reaffirms an outlook for growing dependence of Western nations on the Middle…
Publication date: 2009-09-01 First published in: Energies Authors: U. Bardi & A. Lavacchi Abstract: The well known “Hubbert curve” assumes that the production curve of crude oil in a free market economy is “bell shaped” and symmetric. The model was…
Publication date: 2009-07-23 First Published in: Energy Policy Authors: G. Maggio, G. Cacciola Abstract: In recent years, the economic and political aspects of energy problems have prompted many researchers and analysts to focus their attention on the Hubbert Peak Theory…
Publication date: 2009-01-01 First Published in Natural Resources Research Authors: S.H. Mohr, G.M. Evans Abstract: 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.,…
Publication date: 2007-07-01 First published in: Structural Change and Economic Dynamics Authors: T.R. Michl, D.K. Foley Abstract: This paper elaborates a two-class growth model with an exhaustible resource (“oil”) and an alternative technique (“solar”). Bequest savers accumulate wealth, consisting of…