Emergency, Oil Reserves will be Exhausted within 90 years

Oil will run out within 90 years before alternative energy is found, according to new research from the University of California, Davis. These predictions were published online on November 8 in Environmental Science & Technology Journal. This research is based on the long-term theory, this theory said : investor is the best estimator to explain why and when alternative and renewable energy technology can be used.

"Our results show that takes a long time before alternative fuels that can be updated can survive, at least from a market perspective," said study leader, Debbie Niemeier, professor of civil and environmental engineering at the University California (UCLA), Davis.

Niemeier and team, Natalya Malyshkina one of Niemeier team's plans to create a new device that will help policy makers set targets are realistic about the resilience of the environment and evaluate the progress made to those goals. Two key research of this new theory is the capitalization market (based on share price) and dividends from oil companies owned by government and alternative energy companies. Other analysts have previously used similar equations to predict in finance, politics and sports.

Good investors tend to put great efforts in collecting, processing and understanding information relevant to future cash flows paid by these securities," said Malyshkina.
As a result, the market assessment in the future predictions represent the largest part of investors that tend to be relatively accurate.

Niemeier said the results of this latest study is a warning against the target of renewable fuels now are not ambitious enough in preventing the community, economic development and natural ecosystems harmed because of this.

We need a stronger policy support to encourage the development of replacement technology, "he said. We need a stronger policy support to encourage the development of replacement technology," Niemeier said.

source : here translate Indonesian to english language.