Forecasting World Crude Oil Production Using Multicyclic Hubbert Model

摘要: The year 2008 has witnessed unprecedented fluctuations in the oil prices. During first three-quarters, price abruptly increased to $140/bbl, a level that never been reached before; then because of global economic crisis, dramatically plunged less than $50/bbl by end losing more 64% maximum three months period. supply crude international market oscillated follow suite according law and demand. This behavior affected production all exporting countries. Nonetheless, demand for some developing countries, such as China India, past few years rapid growth transportation sector addition absence viable alternatives fossil fuel. fuel forced policy makers worldwide include uninterrupted vital priority their strategic planning.Even...