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American geophysicist M. King Hubbert in 1956 first introduced a logistic equation to estimate the peak and lifetime production for oil of USA. In his 1956 article “Nuclear Energy and the Fossil Fuels”, in which he predicted the production peak for the USA, Hubbert used 80 pages of differential equations to draw his conclusions. That earned him some criticism, because only those with profound mathematical...
American geophysicist M. King Hubbert in 1956 first introduced a logistic equation to estimate the peak and lifetime production for oil of USA. Since then, a fierce debate ensued on the so-called Hubbert Peak, including also its methodology. This paper proposes to use the generic STELLA model to simulate Hubbert Peak, particularly for the Chinese oil production. This model is demonstrated as being...
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