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)
Tuesday, October 16, 2007
Oil on the Rise
Oil reached a new intra-day record at $88.05 (US Light Sweet Crude).