M. King Hubbert made a bold prediction in 1956 that oil production in the U.S. lower 48 states would peak in the early 1970s. His prediction was based on mathematical analysis of the time histories of cumulative discoveries, production, and remaining reserves for a finite resource. His methodology was later applied to global oil production and other finite resources such as coal, natural gas, uranium, and other mineral.
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(2009). Hubbert Peak Theory. In: Ghosh, T.K., Prelas, M.A. (eds) Energy Resources and Systems. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-2383-4_10
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