The Export Land Model and Two Case Histories
While this is a simplistic model, it has some important lessons for us.
Note the differences between the overall production decline rates and net export decline rates for the three regions:
|Region||Production Decline||Net Exports Decline Rate|
|ELM||- 5%/year||- 28.8%/year|
|Indonesia||- 3.9%/year||- 28.9%/year|
The Top Five Net Oil Exporters
Jeffrey J. Brown is a Dallas-based independent petroleum geologist.