Question: OIL PRODUCTION Based on current production techniques, the rate of oil production from a certain oil well t yr from now is estimated to be
R1(t) = 100e0.05t
Thousand barrels/year. Based on a new production technique, however, it is estimated that the rate of oil production from that oil well t yr from now will be
R2(t) = 100e0.08t
Thousand barrels/year. Determine how much additional oil will be produced over the next 10 yr if the new technique is adopted.