Hubbert's Peak

Hubbert's Peak describes the point when the production of a finite natural resource, like oil, reaches its maximum rate before steadily declining. It is based on the observation that resource extraction typically follows a bell-shaped curve: starting slow, accelerating to a peak as extraction ramps up, then tapering off as reserves diminish. This concept helps predict the future availability of non-renewable resources and emphasizes the importance of planning for shortages and transitioning to sustainable energy sources as the easy-to-access supply depletes.