Hubbert Peak Theory

Hubbert Peak Theory,

Definition of Hubbert Peak Theory:

  1. A theory named after M. King Hubbert that states the production rate of a given oil field will follow a bell curve. This means that the most production will tend to be in the middle of the oil reserves life cycle. This is used by oil companies to estimate future oil production based on current production.

Meaning of Hubbert Peak Theory & Hubbert Peak Theory Definition