Exploring Hydrocarbon Depletion
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Twilight wrote:I am sure I do not need to remind you, but it is worth repeating for the sake of completeness and for the benefit of people new to resource depletion, that the R/P ratio by itself is meaningless as the production rate is never constant.
As we are well aware, our resources will last considerably longer than the R/P ratios suggest, but at a declining rate of production, eventually giving a curve of equal area (the Ultimate).
halcyon wrote:It's all about flow rates. Reserves mean nothing.
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