The adequacy of Hubbert’s curves for the forecasting of the rates of oil extraction

Andrei Bazhanov and Alexei Vyscrebentsev
Authors registered in the RePEc Author Service: Alexey S. Vyskrebentsev ()

MPRA Paper from University Library of Munich, Germany

Abstract: Our approach is based on the use of the Durbin-Watson statistic and other statistical criteria for the specification of the number of the nonlinear summands in the empirical model of M.K. Hubbert. Given alternate criteria we compare the dynamics of extraction over recent years for the USA and Russia. We compare simulated dynamics to data on recoverable oil reserves for recent years.

Keywords: Hubbert’s curve; Durbin-Watson statistic (search for similar items in EconPapers)
JEL-codes: Q31 (search for similar items in EconPapers)
Date: 2005-07-18
New Economics Papers: this item is included in nep-cis, nep-ene and nep-for
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/479/1/MPRA_paper_479.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/15117/1/MPRA_paper_15117.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:479

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().