…URANIUM SHORTAGE?

Pretty convenient if you have uranium mines or you bought uranium stock some time back. Pushing development of nuclear energy would be to your advantage.

Russian Expert Warns Of Uranium Shortage
May 21, 2007 (UPI)

WHO
Yevgeny Velikhov, head of the Kurchatov Institute
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WHAT
Demand for uranium is expanding, staying ahead of supply and driving prices up.

WHEN
The price of uranium:
- 1980 thru 2000 -- $10-$15/pound
- October, 2006 -- $56/pound
- Presently -- $120/pound

WHERE
Russia, the United States and a few western powers are attempting to control the market.

WHY
- 435 nuclear reactors provide 16% of world energy; 28 reactors are under construction. 30 reactor proposals are being considered in the US where no new plant has been built for 30 years.
- Low prices in the late 20th century, produced by antinuclear impulses resulting from the Chernobyl and Three Mile Island incidents, led to reduced exploration and mining which led to a diminished supply. International growth of nuclear energy in the last decade has stimulated demand but recent mining accidents and weather-related incidents in Canada and Australia have curtailed supply. The result is record high prices.
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QUOTES
Velikhov: “The recent surge in uranium prices may still grow by another order of magnitude…The global energy market is very turbulent…The uranium price can hit any mark at a time of crisis."