Modelling Peak Oil Mathematically
![Unread post Unread post](https://peakoil.com/forums/styles/thebeeb/imageset/icon_post_target_unread.gif)
I've searched for and cannot find, a model describing the price fluctuations of a barrel of oil in terms of the demand. I'd like to go throught the calculations myself and gain an understanding of peak oil from a more scientific and mathematical point of view, in order to supplement my conceptual and semantic understanding. Is there 1 universally accepted model, for the cost per barrel as a function of relative demand? I challenge the forum to prove that supply shortfalls and increasing demand will have the impact that is generally accepted, using mathematical arguments.
Edited for punctuation and clarity.
Edited for punctuation and clarity.