Prices and Production over a complete Hubbert Cycle: the Case of the American Whale Fisheries in 19th Century
Grasping the reality of Hubberts peak is difficult for many, possibly because crude oil may be the first nonrenewable resource to pass through such a peak. But a resource does not need to be a nonrenewable to show a Hubbert curve. A biological resource which is exploited much faster than it is replaced may also follow a bell-curve, and the whaling industry of the 19th Century a good example.


















