from grapho- + -oil + -logie-logy: inference of future production from an oil production profile. The theory underlying graphoilogy is that production profile is an expression of limited oil reserves; hence, a systematic analysis of the way production profiles are shaped can reveal traits of actual ressources.
Hubbert, M. King. (1956)
Thursday, August 16, 2007
Gulf coast oil operation insight, with Ted Falgout, Port Fourchon port director; Daniel Yergin, CNBC global energy analyst (src: CNBC).
"Delays and rising costs are now the name of the game". Daniel Yergin