The Hubbert curve is an approximation of the production rate of a resource over time. It is a symmetric logistic distribution curve, often confused with the "normal" gaussian function. It first appeared in "Nuclear Energy and the Fossil Fuels," geologist M. King Hubbert's 1956 presentation to the American Petroleum Institute, as an idealized symmetric curve, during his tenure at the Shell Oil Company. It has gained a high degree of popularity in the scientific community for predicting the depletion of various natural resources. The curve is the main component of Hubbert peak theory, which has led to the rise of peak oil concerns. Basing his calculations on the peak of oil well discovery in 1948, Hubbert used his model in 1956 to create a curve which predicted that oil production in the contiguous United States would peak around 1970.
Ghawar is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia. Measuring 280 by 30 km, it is by far the largest conventional oil field in the world, and accounts for roughly a third of the cumulative oil production of Saudi Arabia as of 2018.
Marion King Hubbert was an American geologist and geophysicist. He worked at the Shell research lab in Houston, Texas. He made several important contributions to geology, geophysics, and petroleum geology, most notably the Hubbert curve and Hubbert peak theory, with important political ramifications. He was often referred to as "M. King Hubbert" or "King Hubbert".
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.
Peak oil is the moment at which extraction of petroleum reaches a rate greater than that at any time in the past and starts to permanently decrease. It is related to the distinct concept of oil depletion; while global petroleum reserves are finite, the limiting factor is not whether the oil exists but whether it can be extracted economically at a given price. A secular decline in oil extraction could be caused both by depletion of accessible reserves and by reductions in demand that reduce the price relative to the cost of extraction, as might be induced to reduce carbon emissions.
Colin J. Campbell is a retired British petroleum geologist who predicted that oil production would peak by 2007. He claims the consequences of this are uncertain but drastic, due to the world's dependency on fossil fuels for the vast majority of its energy. His theories have received wide attention but are disputed and have not significantly changed governmental energy policies at this time. To deal with declining global oil production, he has proposed the Rimini protocol.
Richard William Heinberg is an American journalist and educator who has written extensively on energy, economic, and ecological issues, including oil depletion. He is the author of 13 books, and presently serves as the senior fellow at the Post Carbon Institute.
Oil depletion is the decline in oil production of a well, oil field, or geographic area. The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve. Thus, according to this theory, when the peak of production is passed, production rates enter an irreversible decline.
The Rimini Protocol is a proposal made by the geologist Colin Campbell. It is intended to stabilise oil prices and minimise the effects of peak oil. It is named after the XXIX. Annual Conference The Economics of the Noble Path: Fraternal Rights, the Convival Society, Fair Shares for All of the Pio Manzù International Research Centre in Rimini, Italy on 18-20 October, 2003, where Campbell presented his idea of an oil depletion protocol. A few months later, he published together with Kjell Aleklett, the head of the Uppsala Hydrocarbon Depletion Study Group, a slightly refined text under the name Uppsala Protocol.
Ali Morteza Samsam Bakhtiari was an Iranian author and oil expert employed by the National Iranian Oil Company (NIOC). He held a number of senior positions with this organization beginning in 1971. He was also an adviser to the Oil Depletion Analysis Centre.
The Hubbert linearization is a way to plot production data to estimate two important parameters of a Hubbert curve, the approximated production rate of a nonrenewable resource following a logistic distribution:
The Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational charity. The centre is working to raise international public awareness and promote better understanding of the world's oil depletion and peak oil problem. It is based in London and belongs to the New Economics Foundation.
Peak gas is the year in which the maximum global natural gas production rate will be reached, after which the rate of production will enter its terminal decline. Although demand is peaking in the United States and Europe, it continues to rise globally due to consumers in Asia, especially China. Natural gas is a fossil fuel formed from plant matter over the course of millions of years. Natural gas derived from fossil fuels is a non-renewable energy source, however methane can be renewable in other forms such as biogas. Peak coal was in 2013, and peak oil is forecast to occur before peak gas. One forecast is for natural gas demand to peak in 2035.
Terry Backer, born Terrance Eddy Backer, was an American politician who served in the Connecticut House of Representatives from 1993 until his death in 2015.
Peak oil is the point at which oil production, sometimes including unconventional oil sources, hits its maximum. Predicting the timing of peak oil involves estimation of future production from existing oil fields as well as future discoveries. The most influential production model is Hubbert peak theory, first proposed in the 1950s. The effect of peak oil on the world economy remains controversial.
Sustainability measurement is the quantitative basis for the informed management of sustainability. The metrics used for the measurement of sustainability are still evolving: they include indicators, benchmarks, audits, sustainability standards and certification systems like Fairtrade and Organic, indexes and accounting, as well as assessment, appraisal and other reporting systems. They are applied over a wide range of spatial and temporal scales. Some of the widely used sustainability measures include corporate sustainability reporting, Triple Bottom Line accounting, World Sustainability Society, and estimates of the quality of sustainability governance for individual countries using the Environmental Sustainability Index and Environmental Performance Index. An alternative approach, used by the United Nations Global Compact Cities Programme and explicitly critical of the triple-bottom-line approach is Circles of Sustainability.
Peak minerals marks the point in time when the largest production of a mineral will occur in an area, with production declining in subsequent years. While most mineral resources will not be exhausted in the near future, global extraction and production is becoming more challenging. Miners have found ways over time to extract deeper and lower grade ores with lower production costs. More than anything else, declining average ore grades are indicative of ongoing technological shifts that have enabled inclusion of more 'complex' processing – in social and environmental terms as well as economic – and structural changes in the minerals exploration industry and these have been accompanied by significant increases in identified Mineral Reserves.
Ugo Bardi is a professor of physical chemistry at the University of Florence.
Escape from Suburbia: Beyond the American Dream is a 2007 Canadian documentary film written and directed by Gregory Greene, as a sequel to Greene's film The End of Suburbia, and set to address what is termed "the upcoming energy crisis". Through interviews with individuals, Gregory Greene outlines potential solutions to the coming energy crisis.
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