What is the Hubbert Peak Theory?

What is the Hubbert Peak Theory?The Hubbert peak theory posits that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil. The theory is named after American geophysicist M. King Hubbert, who created a method of modeling the production curve given an assumed ultimate recovery volume.

Leave a Reply

Your email address will not be published. Required fields are marked *