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Proposition: global effort to model largest oil fields

06/08/2009
Oil is the world’s most important commodity, and the need to understand the long-term supply is widely recognized. In some way, all energy projects—whether they involve conventional or green alternatives—will be measured against oil. Some of the most pressing questions facing the future of oil supply are: What is the future global delivery capacity? When and at what volume will oil fail to meet the need? How can the future price of oil be predicted, and how reliable is the price prediction? How can the oil price be maintained at levels sufficient to assure adequate investment to maximize exploitation of oil resources concurrent with timely and adequate investment in alte...
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