If gasoline was $0.80 per gallon, and natural gas $2 per mcf as it was a few years back,....what would the price of Uranium be?
What changed the North American perception of nuclear reactors?,...global warming?, world poverty?, or the hit at the gas station and the monthly natural gas and electricity bill?
Unfortunately it's one thing to change American perception of Nuclear reactors or uranium mines,...and quite another to decide in whose backyard they will be built :-[)
In the end world consumption will determine how much energy is needed, and what the prices of the various sources of energy will be. If growth in world consumption levels out or drops back to the levels of just 5 years ago (one may want to keep in mind that 25% of everything the world produces is consumed by 300 million Americans), we'll see very low price levels for oil and natural gas again. Everyone remembers the "multiplier effect" from economics 101,...it works both ways. If Americans start worrying more about debt levels, unfunded liabilities in pension and health care and the cost of suppressing civil war in Iraq, what will happen to Chinese factory utilizations?
Now if oil is $30 a barrel, and gas is $2 per mcf,...do we continue to think about generating electricity with U3O8. What's the premium on the Uranium participation units (U.t)?
Don't worry man,...be Happy! :-)
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