To: siempre33 who wrote (3621 ) 11/20/2006 1:15:19 PM From: siempre33 Respond to of 30215 Save the World with Nuclear Power....buy Uranium explorers, it's a no-brainer, truly... "According to Gene Clark, utilities are circling suppliers and especially those holding uranium. “Eight utilities and three intermediaries are chasing over five million pounds of U3O8 equivalent this week,” Clark told us. “Sellers who needed to fulfill their year end cash needs appear satisfied.” In addition to this spot demand, over twenty utilities are now hoping to obtain more than 55 million pounds of U3O8 for long-term delivery beginning as early as next year, according to Trade Tech. How much competition will utilities face from speculators? “The forces majeures may not have gone out yet, but those with Cameco’s Cigar Lake production contracts aren't likely to sit around and wait 3 months for the official notice,” Bambrough told us. “If they do, they’ll just get front-run by speculators.” What makes Bambrough conclude this? “I'm already hearing rumblings from many sources that another round of non-utility buying is entering the physical market now,” he responded. Above the heads of current utility buyers looms the likelihood of new competition entering the marketplace for the first time. Last week, the International Energy Agency (IEA) recommended governments build more nuclear plants to slow climate change and increase energy. According to the Financial Times, this is the first time the IEA in its 32-year history has recommended nuclear power as a solution. After releasing the IEA’s World Energy Outlook for 2006, the agency’s director told reporters, “On current trends we are on a course for an expensive and dirty energy system that will go from crisis to crisis which can cause more supply disruptions, meteorological disasters or both. That may mean skyrocketing prices and more frequent blackouts. This energy future is not only unsustainable, but it is doomed to failure."