We need a Pr for sure. Read this.
Tuesday, February 27th, 2007
Uranium Keeps Booming
By Keith Kohl
Baltimore, MD - After uranium's record price jump this week, it looks like $100 per pound will come sooner than anticipated. And if you haven't established yourself in this bullish trend, you may want to reconsider your position.
Follow the Yellow Brick Road . . .
The spot price for uranium oxide gained $10 this week, reaching up to $85 per pound. This record increase was spurred by consistent supply shortfalls. The world's roughly 440 nuclear reactors need well over 150 million pounds of uranium every year.
So how much uranium do we currently produce?
Only about 100 million pounds. And the stockpile of uranium collected from disassembled nuclear weapons is declining fast.
To say the least, uranium is currently in a huge bull market - the price soared more than 800% over the last in four years!
The burgeoning nuclear industry has contributed to the tight supplies. And the emerging global energy crisis has thrown nuclear energy into the spotlight. While a few alternative energy sources are making headway, future global demand will require energy on a vast scale - something nuclear power can provide.
Consider these facts from the World Nuclear Association Symposium in 2001:
· 1 kg of firewood equals about 1 kWh of electricity
· 1 kg of coal or oil equals roughly 3 or 4 kWh of electricity.
· But 1 kg of natural uranium equals nearly 50,000 kWh of electricity!
Yet the spread of nuclear technology hasn't been the only factor in boosting uranium's price.
Government Document Confirms the Worst
According to the Government's own words...
"...we are entering an age of uncertainty and insecurity
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