In an American Chemical Society paper, "Forecasting World Crude Oil Production Using Multicyclic Hubbert Model" authors Ibrahim Sami Nashawi, Adel Malallah and Mohammed Al-Bisharah propose:
Even though forecasting should be handled with extreme caution, it is always desirable to look ahead as far as possible to make an intellectual judgment on the future supplies of crude oil. Over the years, accurate prediction of oil production was confronted by fluctuating ecological, economical, and political factors, which imposed many restrictions on its exploration, transportation, and supply and…
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