Monday, February 01, 2010
Unknown
“You are so on target!!” Paul Cunningham said of the January 11th issue of IDE.
In that issue, we talked about the decarbonization of energy. With global concerns about carbon footprints, the move to nuclear energy is a foregone conclusion in much of the world. Why? Just look at the numbers:
In that issue, we talked about the decarbonization of energy. With global concerns about carbon footprints, the move to nuclear energy is a foregone conclusion in much of the world. Why? Just look at the numbers:
- 1 kg of firewood produces about 1kWh of electricity.
- 1 kg of coal or oil produces about 3 or 4 kWh of electricity.
- 1 kg of natural uranium produces nearly 50,000 kWh of electricity!
China has taken the lead, with plans to build 10 new reactors a year for the next decade. India and Russia aren’t far behind. The U.S. has 17 applications to build 26 reactors waiting for approval. Energy consumption is expected to grow by 40% by 2030. And nuclear is the only source that can meet that demand.
That, briefly, is the case for a long-term bull market in uranium. It’s a simple case of supply and demand. Current uranium production doesn’t meet current demand. And demand will do nothing but increase as more reactors come online.
Paul Cunningham continues:
“When I was head of an electric utility, I pushed for a greater position in nuclear, only to be shouted down by the environmentalists who carried the guilt of Hiroshima and took advantage of the two nuclear ‘events’ you mentioned.
“Sadly, we are now behind other nations in utilizing this technology. It is not perfect, but is certainly the best of all currently available electric energy sources.
”Keep up the good work!”
And Bruce McKeon had this to say:
“Darn! I got rid of my leisure suit years ago!
“We still have to address spent fuel storage and conversion, and get over the NIMBY behavior that has not allowed that to happen in the past. Meanwhile, uranium mining seems a good investment.”
That, briefly, is the case for a long-term bull market in uranium. It’s a simple case of supply and demand. Current uranium production doesn’t meet current demand. And demand will do nothing but increase as more reactors come online.
Paul Cunningham continues:
“When I was head of an electric utility, I pushed for a greater position in nuclear, only to be shouted down by the environmentalists who carried the guilt of Hiroshima and took advantage of the two nuclear ‘events’ you mentioned.
“Sadly, we are now behind other nations in utilizing this technology. It is not perfect, but is certainly the best of all currently available electric energy sources.
”Keep up the good work!”
And Bruce McKeon had this to say:
“Darn! I got rid of my leisure suit years ago!
“We still have to address spent fuel storage and conversion, and get over the NIMBY behavior that has not allowed that to happen in the past. Meanwhile, uranium mining seems a good investment.”
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