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SlideshowReport

projections of future oil production

Description
One of the more sophisticated projections of future oil production is a 2010 study from Kuwait University’s College of Engineering and Petroleum; it has world production peaking around 2014. The study analyzed 47 oil-producing countries and incorporated multiple Hubbert like models to reflect changes in oil-extraction technology, government regulations, and economic changes. Black dots represent actual data; solid curve is the model projection.
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