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)
Wednesday, January 09, 2008
Chart of the Day
The US crude stocks dropped today by 6.8 millions of barrels according to the EIA, the slide observed since June 2007 is continuing.