in peak oil discussions. This is because a steep drop in the production implies that global oil production will decline so rapidly that the world will not have enough time to develop sources of energy to replace the energy now used from oil, possibly leading to drastic social and economic impacts.

Other resources

Hubbert models have been used to predict the production trends of various resources, such as natural gas (Hubbert's attempt in the late 1970s resulted in an inaccurate prediction that

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