Posted: 12 Jun 2015 05:44 AM PDT
When
forecasting how much oil will be available in future years, a standard
approach seems to be the following: 1. Figure out how much GDP growth
the researcher hopes to have in the future. 2. “Work backward” to see
how much oil is needed, based on how much oil was used for a given level
of GDP in the past.read morehttp://theenergycollective.com/gail-tverberg/2238406/why-eia-iea-and-bp-oil-forecasts-are-too-high
Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
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