john simpson

Oil will run out decades before alternatives are widely available, study says

Blog Post created by john simpson on Nov 10, 2010

Taken from the Los Angeles Times (Los Angeles, Calif.: daily  circuation 600,449)
"Oil will run out 90 years before alternatives are  widely available, UC Davis study says"



The global oil supply is set to run dry 90 years before  replacements such as renewable energy are ready to satisfy the same amount of  demand, according to UC Davis researchers. Current policies that set targets for  batteries, hydrogen, biofuel and other alternative energy sources won’t be  enough, a study published Monday says. Deb Niemeier, a professor of civil and  environmental engineering, and postdoctoral researcher Nataliya Malyshkina  examined existing public companies dealing in non-oil fuels such as BlueFire  Ethanol Inc. of Irvine and Enova Systems Inc. of Torrance. The technologies in  the market “may not be able to occupy a sufficient enough niche in the market by  the time we need them to,” Niemeier said in an e-mail. The pair looked at  activity from long-term investors as a predictor of whether and when the  burgeoning technologies would go mainstream. They also considered the value and  dividends of public companies in both the oil and alternative energy markets.  The research appeared in the journal Environmental Science and  Technology.