In 1956, M. King Hubbert proposed a model to analyze crude oil production. His model, with updated data, gives world crude oil production as 254.43e-0.042 (1+2.12e-0.0422 Here P is measured in billions of barrels per year, and t is time, in years, since 2000. (a) Make a graph of world crude oil production for 2000 through 2040. P P 35 30 25 20 15 10 5 P 35 2838 30 25 20 P = 15 10 5 10 10 20 20 30 30 40 40 t t O 35 30 25 20 15 10 S 10 20 30 40 t O 35 30 25 20 15 10 5 (b) In what year does this model predict a peak in world crude oil production? (Round your answer to the nearest whole number.) 18 1x (c) What is the maximum crude oil production predicted by this model? (Round your answer to the nearest whole number.) 30 billion barrels per year 10 20 30 -1 40

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

1

In 1956, M. King Hubbert proposed a model to analyze crude oil production. His model, with updated data, gives world crude oil production as
254.43e-0.042
(1+2.12e-0.0422
Here P is measured in billions of barrels per year, and this time, in years, since 2000.
(a) Make a graph of world crude oil production for 2000 through 2040.
P
P
35
30
25
20
15
10
5
P
35
28389
30
25
20
19
10
P =
5
10
10
20
20
30
30
40
40
t
t
35
30
25
20
15
10
5
10
20
30
40
O
P
35
30
25
20
505
15
10
(b) In what year does this model predict a peak in world crude oil production? (Round your answer to the nearest whole number.)
18
X
(c) What is the maximum crude oil production predicted by this model? (Round your answer to the nearest whole number.)
30
billion barrels per year
10
20
30
40
t
Transcribed Image Text:In 1956, M. King Hubbert proposed a model to analyze crude oil production. His model, with updated data, gives world crude oil production as 254.43e-0.042 (1+2.12e-0.0422 Here P is measured in billions of barrels per year, and this time, in years, since 2000. (a) Make a graph of world crude oil production for 2000 through 2040. P P 35 30 25 20 15 10 5 P 35 28389 30 25 20 19 10 P = 5 10 10 20 20 30 30 40 40 t t 35 30 25 20 15 10 5 10 20 30 40 O P 35 30 25 20 505 15 10 (b) In what year does this model predict a peak in world crude oil production? (Round your answer to the nearest whole number.) 18 X (c) What is the maximum crude oil production predicted by this model? (Round your answer to the nearest whole number.) 30 billion barrels per year 10 20 30 40 t
Expert Solution
steps

Step by step

Solved in 4 steps with 1 images

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,