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A little insight into uranium

A little insight into uranium – Marketplace 27 march 09 – Interview with Tom Zoellner,”………………………….the Atomic Energy Commission gave these fantastic bonuses for prospectors and minors to go out into the American southwest and dig up as much of it as they could. This amounted to the last, kind of, gold rush in American history. And on the other side of the planet the Soviets were up to the same thing…………………………This is a really fascinating market, and talk about volatility. We’ve seen the price go up to 135 bucks a pound. It’s tied to perceptions of supply and demand. It’s tied to, most importantly, the prognosis for worldwide enthusiasm for nuclear power. And now with the president giving a signal that the United States is not going to rely on nuclear power as a short-term energy solution, this price is most likely going to drop further……………………………..what do you suppose the future of the uranium market is, at least in the short term? Zoellner: Dismal. Wall Street has consistently refused to finance the construction of new nuclear power and this has been the reality since the early ’80s.

Marketplace: A little insight into uranium

March 30, 2009 - Posted by Christina Macpherson | 2 WORLD, business and costs | antinuclear, nuclear, uranium