Question

According to "Hubbert's peak," when would have world peak oil production occur

Answer 1

Hubbert’s peak refers to the fact that for oil production in any particular geographical locale or for the rate of petroleum production, there has to be a single oil producing region and there are also additional infrastructure rates and the rates of discovery which enhance and affect the price of petroleum all across the countries.

The theory presupposes that ain any region the quantity of oil is finite and therefore these has to be a ratio between the amount of oil that is excavated and the amount of crude oil that remains intact.