Production Decline Models
Oil production decline occurs in a predictable manner based on geological circumstances, governmental policies, and engineering practices. The shape of the decline curve varies depending upon whether one considers a well, a field, a set of fields, or the world.
Read more about this topic: Oil Crash
Famous quotes containing the words production, decline and/or models:
“The production of too many useful things results in too many useless people.”
—Karl Marx (1818–1883)
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—Thomas Carlyle (1795–1881)
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—Judith Viorst (20th century)