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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Jacob Snyder who wrote (156438)	9/18/2011 9:00:25 AM
From: Dennis Roth	Read Replies (2) of 206176

Betting Big on Nuclear Energy Demand for Uranium to Skyrocket Ken Silverstein \| Sep 12, 2011 energybiz.com The tsunami may have knocked out some of Japan’s nuclear reactors but the global base is starting to stand up. Even as uranium prices are sinking, some mining companies see the possibilities: Canadian Cameco Corp.’s $530 billion hostile bid for Hathor Exploration at a 40 percent premium illustrates the point. Basic fundamentals are at play. Developing nations are thirsty for new energy supplies while the global community continues to pressure all countries to reduce their carbon footprints. In the near term, newfound natural gas supplies will help. But over time, the thinking is that the world can learn from the Fukushima disaster and that the development of new nuclear plants is inevitable. In fact, the new head of the International Energy Agency, Maria van der Hoeven, is telling news outlets that only two sources of energy are carbon free: nuclear and renewables, which still have a long way to go. Nuclear power is therefore the de facto winner. [snip] more at link

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