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The Hubbert peak theory says 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. Choosing a particular curve determines a point of maximum production based on discovery rates ...
Peak oil. A 1956 world oil production distribution, showing historical data and future production, proposed by M. King Hubbert – it had a peak of 12.5 billion barrels per year in about the year 2000. As of 2022, world oil production was about 29.5 billion barrels per year (80.8 M bbl /day), [1] with an oil glut between 2014 and 2018.
The Hubbert curve is an approximation of the production rate of a resource over time. It is a symmetric logistic distribution curve, [1] often confused with the "normal" gaussian function. It first appeared in "Nuclear Energy and the Fossil Fuels," geologist M. King Hubbert 's 1956 presentation to the American Petroleum Institute, as an ...
Marion King Hubbert accurately predicted a peak in U.S. oil production in 1956, in the first widely published peak oil theory. Since then, people have been predicting when demand would exceed supply
In 1956, Hubbert confined his peak oil prediction to that crude oil "producible by methods now in use." By 1962, however, his analyses included future improvements in exploration and production. All of Hubbert's analyses of peak oil specifically excluded oil manufactured from oil shale or mined from oil sands. A 2013 study predicting an early ...
Marion King Hubbert (October 5, 1903 – October 11, 1989) was an American geologist and geophysicist. He worked at the Shell research lab in Houston, Texas.He made several important contributions to geology, geophysics, and petroleum geology, most notably the Hubbert curve and Hubbert peak theory (a basic component of peak oil), with important political ramifications.
Oil depletion is the decline in oil production of a well, oil field, or geographic area. [1] The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.
Hubbert linearization. The Hubbert linearization is a way to plot production data to estimate two important parameters of a Hubbert curve, the approximated production rate of a nonrenewable resource following a logistic distribution : the logistic growth rate and. the quantity of the resource that will be ultimately recovered.