The Oil Drum: Hubbert Linearization of the Top Three Net Exporters

Let’s assume that we have a world where all oil production is from one country–Export Land–that produces 20 mbpd, consumes 10 mbpd, and exports 10 mbpd to oil consuming countries around the world.

Export Land hits the 50% of Qt (URR) point, and over a five year period production drops by 25%…what happens? It’s not good news.
much more after the jump to The Oil Drum.