Video Bar: News and Short Movies about Fossil Fuel Commodities

Loading...

Sunday, June 8, 2008

Resource Depletion Theory


The Resource Depletion Theory claims that every non-renewable resource and every renewable resource coming from a finite storage place can be exhausted only by following the depletion curve. In the picture to below you can see how production levels for three real-life examples follow a bell shaped curve.
This theory has been first announced by M.K. Hubbert in 1956 for oil and other commodities, and it is known today as "peak oil theory". However, this theory has been confirmed through the oil production of many oil fields worldwide but is still denied by many scientists and economic leaders today.
The "Resource Depletion Theory" is a broader more simplified approach of that same concept of M.K. Hubbert. Studying the diagrams above should reveal to the reader that the concept of depleting resources is universal and a simple matter of mathematics and common sense.


Welcome to the Crude-Oil-Alerts Blog!

You might have heard: oil is a finite resource. So, it will run out one day. But before that happens crude oil production rates will decline and world oil supply is at risk. Some say peak production is already at hand and the curde oil markets are out of control. The goal of this blog is to provide the most comprehensive and updated platform on the topic of peak oil.

Peak Oil Explained

Search This Crude-Oil-Alerts Site

Google
Web crude-oil-alerts.blogspot.com

Detailed Real-Time Crude Oil Dashboard

Publish your Peak Moment Experience here!

Your Peak Moment Experience Title
Your Peak Momement Experience Long Description
When did/will World Oil Production Peak? 1990
2000
2005
2006
2007
2010
2011
2012
Name:
Email Address:

create form

Peak Oil Clock


Learn more about Peak Oil at Energy and Capital.