SITE SEARCH:
video overview
ADS

IIr Associates, Inc.
Publisher of The Virginia Engineer

Print-Publishing Services
Web Site Design-Coding-Hosting
Business Consulting

Phone: (804) 779-3527
sales@iirassoc.com
iirassoc.com

NEWS
Forecast Warns Oil Will Run Dry Before Substitutes Are Ready
November 15, 2010

At the current pace of research and development, global oil will run out 90 years before replacement technologies are ready, says a new University of California, Davis, study based on stock market expectations.

The forecast was published online recently in the journal “Environmental Science & Technology”. It is based on the theory that long-term investors are good predictors of whether and when new energy technologies will become commonplace.

“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.

Niemeier and co-author Nataliya Malyshkina, a UC Davis postdoctoral researcher, set out to create a new tool that would help policymakers set realistic targets for environmental sustainability and evaluate the progress made toward those goals.

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 previously used similar equations to predict events in finance, politics and sports.

Niemeier said the new study’s findings are a warning that current renewable-fuel targets are not ambitious enough to prevent harm to society, economic development and natural ecosystems.

Full text of study, “Future Sustainability Forecasting by Exchange Markets” at www.pubs.acs.org/journal/esthag


  ------   News Item Archive  -----  
 
 
The Virginia Engineer MobileOur Mobile site
m.vaeng.com
The Virginia Engineer on facebook
The Virginia Engineer RSS Feed