Learn strengths, weaknesses to understand Hubbert curve

M. King Hubbert was a distinguished scientist published on many aspects of petroleum geology, but he is most remembered for his 1956 work on forecasting production in which he introduced a special bell curve that bears his name.Hubbert was also remarkable for his interest in the social implications of resource depletion.In 1974,1 he presented several production curves for the world and the US but was somewhat reticent in explaining the mathematical basis of his work. He referred to a bell-shaped curve, of which the most commonly used are the normal or Gauss curve, and also to the derivative of the logistic curve,2 but he gave no equations. He based his study on ultimate recovery, taking 1...

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