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-February 22, 2008 |
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This week's Supply Chain Trivia Question, Only from SCDigest!
Each week, we take the trivia question from our weekly on-line newsletter and post it on our web page. To view past issues of Supply Chain Digest, go to the SCDigest archive. To receive the valuable, complimentary newsletter, subscribe now.
Question:
Who was M. King Hubbert and how is he related to supply chain management?
Answer is below. |
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ANSWER
M. King Hubbert was the Shell geologist who in the 1940's developed the "Hubbert's Peak" graphs that showed how the production from individual oil wells - and he argued, the entire supply of oil - follows a predictable curve that builds to maximum output followed by steady decline. The concept has been adopted by "Peak Oil" theorists, who believe the world is at, or very near the top, of the output curve right now.
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