Cybernetist
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Have any of you heard of Hubbert's peak oil theory ?
What it states is that the consumption/depletion of any natural resource follows a curve, similar to that of a standard distribution curve. That when the resource is developed the increase in the rate of extraction proceeds at a near exponential rate as technology and efficiency in extracting the resource improve. This continues until the preferred grade of the resource is no longer readily available or has been depleted and what remains is impurer and more difficult to extract from the environment and process. The rate of extraction hits a plateau and then enters into decline even as the technology and efficiencies are further improved in order to harvest the even more valuable resource. The theory has successfully predicted the rate of extraction of coal from Great Britain and of oil in the United States and even resources that are extracted from the environment at a greater rate than they reproduce.
A more detailed and accurate description I'm sure is available on the internet for those who chooses to avail themselves of the tools at their disposal.
I invite you to comment on the validity of the predictions that have been made using it's model and the theory itself as well as the consequences of the predictions made using it.
What it states is that the consumption/depletion of any natural resource follows a curve, similar to that of a standard distribution curve. That when the resource is developed the increase in the rate of extraction proceeds at a near exponential rate as technology and efficiency in extracting the resource improve. This continues until the preferred grade of the resource is no longer readily available or has been depleted and what remains is impurer and more difficult to extract from the environment and process. The rate of extraction hits a plateau and then enters into decline even as the technology and efficiencies are further improved in order to harvest the even more valuable resource. The theory has successfully predicted the rate of extraction of coal from Great Britain and of oil in the United States and even resources that are extracted from the environment at a greater rate than they reproduce.
A more detailed and accurate description I'm sure is available on the internet for those who chooses to avail themselves of the tools at their disposal.
I invite you to comment on the validity of the predictions that have been made using it's model and the theory itself as well as the consequences of the predictions made using it.
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