In the spirit of stimulating debate cause for Easter, which could translate into a profitable investment thereafter, we offer a single word – of uranium. There was a slight increase of a dollar or two in the uranium price last week at $ 42.25 U.S. per pound, but no one should forget that the price was higher than U.S. $ 128 per pound in 2007 . OK, all prices of metals and minerals have been near all-time highs this year, but then followed the crash. Since then, most have caught up significantly since the dark days at the end of 2008. The exception is uranium, but the basic case for it in terms of supply and demand has not changed: it became stronger.
Spring is here again and with new buds and shoots came a new mentality of the world’s population. It is more they want to be shorn of what money they have hung on through the recession in the name of climate change and global warming. As Abraham Lincoln said: “You can fool all the people some time and some people all the time, but you can not fool all the people all the time.” No words were spoken more just, but a motley collection of politicians, scientists and Greenies have done, very conveniently, to confuse the global warming and climate change in a way that makes fools of many people.
The skepticism of the Hoi polloi has finally reached the ears of politicians and many, such as Sarkozy and Obama are realizing they have more pressing problems at home. Pragmatically, the Western nations will not meet targets for greenhouse or standards at a significant cost, if they will be left at an economic disadvantage of big developing nations like China and India that do not conform .
It has always been climate change, then what is new about this? Global warming is a different issue, but the Weather Bureau, which can not accurately forecast weather four days before we say what will happen 40 years from now? What we should fear is rather the peak oil and air pollution, but rarely mention these realities.
Yet we can not continue to use oil and gas to produce energy at the current rate for much longer. Back in 2007 Mark Simmons, founder and president of what was then the world’s largest company banking investment of energy, Simmons & Co. International, we had spent the best two years earlier. Oil and gas are becoming increasingly difficult and expensive to find and retrieve. And whenever fossil fuels are burned to produce electricity or drive machinery carbon particles are released into the atmosphere causing much danger to our lungs like a cigarette packet.
Every effort is made to reduce pollution from cars, but again we have been deceived. CO2 is designated as the culprit when it is the staff of life. Without CO2 in the atmosphere all the plants die and go with us. The only effective form of clean energy, which is not dependent on fossil fuels, nuclear power plants. And the fuel for nuclear plants is uranium. Greenies want to spread the word that nuclear reactors are dangerous, but it is simply not true. The new generation is as safe as it can be.
This is an issue that can not be evaded. If we want to keep the lights on in 20 years and have a cleaner atmosphere that we have to build nuclear power plants now. The wind is inefficient and should be supported by its own consumers, as Tracy Corrigan, Daily Telegraph noted recently. These stations make the best part of ten years to build, and uranium mines take almost as long discovery to production. No station building use power less than a firm offer of fuel, so the pressure is on junior explorers to come with the goods.
Minesite not a tip sheet that we will not produce a list of junior mining companies most likely to succeed, but any investor worth the name should have some exposure to uranium in their portfolios. It is the fuel behind the future for the world. It is our thought for Easter. A final word to brokers WH Ireland “hundreds of new nuclear reactors will be built just to maintain our continued global growth profile of energy”. What to do for the price of uranium and that the ratings companies uranium?
source:minesite
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