10/11/2006

The hysterical anti nuclear enviros will destroy this country if we let them. We must go to nuclear power, but we are light years behind China (currently building or has plans on the board, to build 27 nuclear power facilities by 2020, 20 by 2012); spot uranium prices are up $47 in just the last six months--this is for the unenriched uranium and must be processed to be used in reactors. Even a shit country like Nigeria is building them, but here we sit, prisoners of the hysteria mongers on the left. Brazil is building four, Canada has eight up and running, the Czechs have one and are building two more; France has 58 nuclear plants up and running which supplies 75% of France's energy needs. I could go on but we have to get in the game. Nuclear power is cheap, non-polluting, and will make all our industry uncompetitive if we don't go nuclear. Go HERE for a country by country breakdown. Investment op? You must go to a mining company but the companies doing the mining have seen their stock prices go up 100% in the las year and a half. Australia is the world's largest uranium producer with almost 50% of the known supply.

Demand from China may help uranium prices double in the next two years and may triple demand for nuclear power by 2020, said Quinton George, managing director of Trinity Asset Management. The company owns 18 percent of Afrikander Lease, which holds South Africa's biggest uranium deposit.

"The supply deficit will affect this market for at least the next 10 years," Geroge said. "In the next two years we could well see uranium touching historical highs, at least doubling current prices."
Wake me in 2013 and maybe I'll get off my ass.

1 comment:

Anonymous said...

America has over 100 nuclear reactors running right now. We just haven't built any since the 70s.

We've spent over $400 billion on Iraq. For $100 billion we could have built another 100 reactors (pebble bed - very safe) and been able to have all our electricity needs met without any coal or oil. That would help our national security a lot more than screwing around in the Middle East.