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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (207043)	10/26/2006 7:20:30 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 281500

Oil Production of Norway: historical figures (brown squares) compared with a Hubbert curve calculated with a total production of 32 billion barrels, peak in the year 2000 and 1/b parameter = 6.5 (his parameter describe initial growth / final decline rate). Norway knew a fast, intensive oil exploration, fields were produced as fast as possible after their discovery and nothing came to disrupt production. These three factors explain the good superposition between historical data and model. According to the model, 11 billion barrels are still to be produced. The reserves announced by Norway, which has a single quality of information in the world, are 10 billion barrels. The future collapse of the production appears inescapable, except if a new province (thus not included in this curve) is found. en.wikipedia.org