Hubbert peak theory
E788338
Hubbert peak theory is a model in petroleum geology that predicts the production rate of oil fields or regions will follow a bell-shaped curve, peaking when roughly half the resource is extracted and then irreversibly declining.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
model in petroleum geology
ⓘ
oil depletion model ⓘ theory ⓘ |
| appliesTo |
countries
ⓘ
global oil production ⓘ individual oil fields ⓘ oil-producing regions ⓘ |
| assumes |
finite, exhaustible resource base
ⓘ
geological limits dominate long-term production trends ⓘ |
| basedOn |
finite nature of petroleum resources
ⓘ
geological constraints on production ⓘ logistic growth curve ⓘ |
| contrastedWith | economically driven supply models ⓘ |
| coreConcept |
peak production occurs when roughly half the recoverable resource is extracted
ⓘ
post-peak production enters irreversible decline ⓘ production follows a bell-shaped curve ⓘ |
| criticizedFor |
simplifying technological and economic factors
ⓘ
uncertainty in estimating ultimately recoverable resources ⓘ |
| describes |
oil production lifecycle
ⓘ
production rate of a finite resource over time ⓘ rise, peak, and decline of oil production ⓘ |
| field |
energy economics
ⓘ
petroleum geology ⓘ resource economics ⓘ |
| hasAlternativeName |
Hubbert curve
NERFINISHED
ⓘ
Hubbert peak model NERFINISHED ⓘ |
| influenced |
debates on global peak oil
ⓘ
energy policy discussions ⓘ sustainability debates ⓘ |
| namedAfter | M. King Hubbert NERFINISHED ⓘ |
| notableApplication | prediction of peak oil in the continental United States ⓘ |
| predictionMadeIn | 1956 ⓘ |
| predicts |
decline rates after peak
ⓘ
shape of production curve ⓘ timing of peak oil production ⓘ |
| proposedBy | M. King Hubbert NERFINISHED ⓘ |
| proposedIn | 1950s ⓘ |
| relatedTo |
energy security
ⓘ
fossil fuel depletion ⓘ peak oil ⓘ resource depletion ⓘ |
| usedBy |
energy analysts
ⓘ
geologists ⓘ resource economists ⓘ |
| uses |
cumulative production data
ⓘ
estimated ultimately recoverable resources ⓘ logistic function ⓘ |
| USPeakObserved | around 1970 ⓘ |
| USPeakPredictedFor | around 1970 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.