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It successfully predicted that oil production peaked in the U. S. in 1970. It has been used to predict oil production in many countries. It is insufficient to explain oil production cycles in some countries. It provides a very realistic and accurate oil production.
Ordering Procurement Purchasing Application
profitable tremendous forceful favorite
profitable tremendous forceful favorite
manufacturing selling allotting purchasing
purchasing ; making purchasing; make purchased; to make to purchase; made
using new technology in the development of a product purchasing insurance eliminating the cause of risk accepting a lower profit if costs overrun
American scientists. Kuwaiti scientists. British scientists. Scientists of 47 major oil-producing countries.
It predicts global oil production will peak in 2014. It predicts oil production will decline in 47 countries. It confirms further the effectiveness of the Hubbert model. It discovers a new trend of worldwide oil production.
a sharp fall in the purchasing power of the consumers a sharp fait in the cost of food production the overproduction of food in the food-importing countries the overproduction on the part of the main food-exporting countries
flashed stimulated changed ended
take the shape of a flat curve keep growing keep declining start to decline after global oil production peaks
beneficial tremendous forceful favorable
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