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Hubbert Model
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, production rates and cumulative production. Early in the curve (pre-peak), the production rate increases due to the discovery rate and the addition of infrastructure. Late in the curve (post-peak), production declines because of resource depletion. The Hubbert peak theory is based on the observation that the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline. In the US, oil extraction followed the discovery curve after a time lag of 32 to 35 years.Jean Laherrere, "Forecasting production from discovery", ASPO Lisbon May 19–20, 200/ref ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hubbert World 2004
Hubbert is a surname. Notable people with the surname include: *Paul Hubbert (1935-2014), American politician *Brad Hubbert (born 1941), American football player *M. King Hubbert (1903–1989), American geoscientist See also *Hubbertville, Alabama, unincorporated community, United States *Hubbert Peak theory, theory on petroleum production named after M. King Hubbert *Hubert {{surname, Hubbert Surnames from given names ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
