The Hubbert Peak refers to the theory proposed by geologist M. King Hubbert in 1956, which predicts the point at which the production of a resource, such as oil, reaches its maximum level before declining. Hubbert's model illustrates that resource extraction follows a bell-shaped curve, where production rises, peaks, and then falls as the resource becomes depleted. This concept is significant in understanding global oil supply and consumption patterns. The Hubbert Curve helps policymakers and economists anticipate potential shortages and plan for alternative energy sources as fossil fuel reserves diminish over time.