Monday, November 15, 2010

Investors Back Armageddon

An interesting study, examining the stock market rather than the facts, suggests oil will run out 100 years before new fuels developed:
The researchers analyzed the share prices of 25 oil companies quoted on US, European and Australian stock exchanges, and of 44 alternative energy companies.

They found that the market capitalization, or total value of all stock shares, of traditional oil companies far outstripped that of the alternative energy companies.

That indicated that investors believe oil is going to do well in the near future and occupy a larger share of the energy market than alternative energy, said Malyshkina.

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