TOD EUR: More on the Systematics of Hubbert Linearisation

This post is aimed at bridging the gap between a face value interpretation of reserves based on the Qt intercept of a well-defined linear decline trend on Hubbert Linearisation and a more progressive interpretation that takes into account political and wider economic interference with resource exploitation.
Empirical approach

The actual crude + condensate + natural gas liquid (C+C+NGL) data for Norway as published in the BP statistical review of world energy are used to model the effect of producing at below capacity upon the HL Qt (URR) intercept…

Much more after the jump to The Oil Drum: Europe.