Hubbert Curve

The Hubbert Curve models how the production of a finite resource, like oil, rises, peaks, and then declines over time. It illustrates that resource extraction typically starts slow, accelerates as exploration and technology improve, reaches a peak when about half of the resource is used, and then decreases as it becomes harder and more costly to extract the remaining supply. This bell-shaped curve helps predict future availability and guides resource management by showing that most resources are used up after the peak, highlighting the importance of planning for alternative sources and sustainability.