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home > news > developers > joe darcy: peak code

Joe Darcy: Peak Code

Hubbert's theory on peak oil (and other geological resources) states that the maximum rate of production of the resource occurs when half of the reserve has been extracted. Initially, there is near exponential growth in the rate of extraction as lots of "easy oil" is found and pumped, but after the peak the rate of extraction decreases. The marginal cost of extraction goes up ...


Date: March 02, 2007
Category: Developers

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