Davis, Calif. (UPI) Nov 9, 2010
Given the current pace of research and development, global oil supplies will run out 90 years before replacement technologies are ready, a U.S. study says.
Researchers at the University of California, Davis, based their conclusions on stock market expectations, on the theory that long-term investors are good predictors of whether and when new energy technologies will become commonplace, a university release said.
Two key elements of the new theory are market capitalizations, based on stock share prices, and dividends of publicly owned oil companies and alternative-energy companies.
Other analysts have used similar equations to predict events in finance, politics and even sports, the university said.
"Sophisticated investors tend to put considerable effort into collecting, processing and understanding information relevant to the future cash flows paid by securities," UC Davis post-doctoral researcher Nataliya Malyshkina said.
"As a result, market forecasts of future events, representing consensus predictions of a large number of investors, tend to be relatively accurate."
The forecast was published in the journal Environmental Science & Technology.
"Our results suggest it will take a long time before renewable replacement fuels can be self-sustaining, at least from a market perspective," said study author Debbie Niemeier, a UC-Davis professor of civil and environmental engineering.
Share This Article With Planet Earth
Powering The World in the 21st Century at Energy-Daily.com
Scientists Produce Transparent, Light-Harvesting Material
Los Alamos NM (SPX) Nov 08, 2010
Scientists at the U.S. Department of Energy's Los Alamos National Laboratory and Brookhaven National Laboratory have fabricated transparent thin films capable of absorbing light and generating electric charge over a relatively large area. The material, described in the journal Chemistry of Materials, could be used in development of transparent solar panels. "Potentially, with future ... read more
EU wants $1.4 trillion for energy overhaul|
Obama inks energy agreements in India
EU unveils trillion-euro single energy market
Californians reject proposal to repeal greenhouse gas law
Nigeria kidnaps sharpen fears of oil war
Nabucco supply deals imminent, RWE says
Gulf oil firms could have prevented rig accident: US expert
Study: Energy alternatives won't be ready
South Korea plans offshore wind project
Buoyant Times Ahead For Offshore Resource Assessments
Suzlon eyes China's wind power market
Offshore Wind A Mixed Bag
DESERTEC Project Making Progess In African Desert
LADWP Moves Forward With Large Solar Array
Solar Energy System At Caltech Activated
Australia and U.S. partner on solar energy
German nuclear waste arrives after mass protests
'We're staying here': nuclear activists defiant to the end
Nuclear waste battle shows German feelings run deep
German police, activists gear up for nuclear showdown
Grasses Have Potential As Alternate Ethanol Crop
Pennycress Could Go From Nuisance Weed To New Source Of Biofuel
Leading Advanced Biofuel Groups Meet At White House
ADM To Construct Biodiesel Facility In Brazil
China launching spacecraft at record rate
China Goes To Mars
China says manned space station possible around 2020
China Kicks Off Manned Space Station Program
Should Our Biggest Climate Change Fear Be Fear Itself
UN climate panel calls for carbon and transport taxes
Post-election and Obama's climate change
Warming Will Affect Storms Differently In Each Hemisphere
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|