The world’s oil supply will run out 90 years before replacement technologies are ready at the current pace of research and development, a University of California at Davis study warns. The forecast is based on the theory 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,” Debbie Niemeier, ...
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