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About Hubbert's Thesis On Mineral Commodities Production Peaks and Derived Forecasting Techniquesw
The document discusses techniques for forecasting the peak production and ultimate reserves of mineral commodities based on Hubbert's thesis. It argues that Hubbert's assumptions of constant exploration effort and time lag between discovery and production are unrealistic, and that price changes can alter these parameters and produce asymmetrical production curves. Therefore, Hubbert-based techniques should not be used for long-term forecasting except in special circumstances near reserve exhaustion.
Detailed Information
| Author: | ['emmanuel'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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