When Does Hubbert Linearization Work?
Hubbert Linearization of Saudi Oil Production. Credit Jean Laherrere.
An interesting question is to know when does this style of Hubbert Linearization work? The empirical answer for a small non-random sample of five countries and one state is that it always seems to work as a pretty decent rough approximation once the graph has settled down into the linear regime. If anyone wants to post, or make, or suggest I make, a few more pictures, we can take this further. I would be particularly interested if anyone can come up with a country that has a decent section of linear regime that then goes substantially non-linear. The rest of the pictures are below the fold.