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Hubbert's peak.(Editorial)

Publication: Home Energy
Publication Date: 01-SEP-04
Format: Online - approximately 865 words
Delivery: Immediate Online Access

Article Excerpt
This issue--or one very close to it--will be arriving in your hands at about the same time as world oil production will have reached its peak and will have begun to decline. M. King Hubbert first made this prediction of oil production's decline in 1949, and so this peak is known as Hubbert's...

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...Peak. Hubbert turns out to have been a fairly savvy forecaster; the more data the oil industry gets, the more the data confirm Hubbert's Peak. In fact, the algorithm Hubbert used to describe the world's oil production turns out to be pretty much spot-on for just about any finite resource--even Atlantic Salmon stocks.

A graphic description of Hubbert's ideas, known as Hubbert's Curve, shows how Hubbert's predictions match the oil production data (see Figure). According...

NOTE: All illustrations and photos have been removed from this article.



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