Marion King Hubbert
Marion King Hubbert was a scientist who wanted to understand how much oil was in the ground. He noticed that the amount of oil being taken out of the ground was always going up and he thought that it would eventually reach a peak and start going down. He called this the Hubbert Peak: the point when oil production stops increasing and starts decreasing. This has happened in many parts of the world and is a major problem because if production decreases and demand stays the same, the price of oil goes up.
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Marion King Hubbert was a scientist who figured out that you can't get oil out of the ground forever. He noticed that as more oil was being taken out of the ground, the amount of oil in the ground was decreasing. He thought that at some point, the amount of oil being taken out of the ground would stop increasing and start going down. This point is called the 'Hubbert Peak' - and it means that the amount of oil in the ground is getting lower and lower, and the price of oil is going up.
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Marion King Hubbert was a scientist who figured out that you can't get oil out of the ground forever. He noticed that as more oil was being taken out of the ground, the amount of oil in the ground was decreasing. He thought that at some point, the amount of oil being taken out of the ground would stop increasing and start going down. This point is called the 'Hubbert Peak' - and it means that the amount of oil in the ground is getting lower and lower, and the price of oil is going up.