Hubbert peak theory

The Hubbert Peak Theory is a way of predicting when there will be a peak in global oil production. It says that global oil production will peak at a certain time and then slowly decline over time. We can predict the peak by looking at how much oil we are producing now, and looking at past oil production records. If we know the rate of production, then we can predict the timing of the peak. This is important because it helps us plan for a future without oil.