Models for estimating undiscovered oil resources
This paper is directed at estimating total producible oil in the United States. Two specific models are suggested and estimated in a fashion consistent with the theoretical considerations. The results suggest that approximately 159 billion barrels are ultimately recoverable and producible, of which 114 billion barrels had been produced by the end of 1977.
Volume (Year): 6 (1980)
Issue (Month): 4 (July)
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