Named after the late Dr. M. King Hubbert, Geophysicist, this website provides data, analysis and recommendations regarding the upcoming peak in the rate of global oil extraction.
Friday, June 13, 2008
Hubbert curve
The Hubbert curve projects the rate of oil production over time, and is the main component of Hubbert peak theory. It was first proposed by geophysicist M. King Hubbert in the mid 1950s during his tenure at the Shell Oil Company, and has gained a high degree of popularity in the scientific community for predicting the depletion of various natural resources, as well a prominence in peak oil discussions.
Basing his calculations on the peak of oil well discovery in 1948, Hubbert used his model in 1956 to accurately predict that oil production in the contiguous United States would peak around 1970.
M. King Hubbert
Marion King Hubbert (October 5, 1903 – October 11, 1989) was a geoscientist who worked at the Shell research lab in Houston, Texas. He made several important contributions to geology and geophysics, most notably the Hubbert curve and Hubbert peak theory (or peak oil), with important political ramifications. He was often referred to as "M. King Hubbert" or "King Hubbert".
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.