Modeling oil exploration and production: Resource – constrained and agent-based approaches
Energy is essential to the functioning of society, and oil is the single largest commercial energy source. Some analysts have concluded that the peak in oil production is soon about to happen on the global scale, while others disagree. Such incompatible views can persist because the issue of “peak oil” cuts through the established scientific disciplines. The question is: what characterizes the modeling approaches that are available today, and how can they be further developed to improve a trans-disciplinary understanding of oil depletion?
June 1, 2010