By Dian L. Chu, Economic Forecasts & Opinions It seems the panic time for both green enthusiasts and peak oil pundits. According to a new paper by two researchers at the University of California – Davis, it would take 131 years for replacement of gasoline and diesel given the current pace of research and development; however, world’s oil could run dry almost a century before that. The research was published on Nov. 8 at Environmental Science & Technology, which is based on the theory that market expectations are good predictors reflected in prices of publicly traded…
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