Quote:
Originally Posted by macker
More to it than just oil....look at coal, electricity and uranium prices.....(all moving up)..China and India are supposed to increase coal imports by 78% this year to $337 million metric tons further driving up prices and diverting supplies from Europe to Asia.
Reports from China indicate that the country plans to increase its nuclear capacity from its current 11 gigawats to at least 80 gigawats by 2020. 14 Nuclear power units currently under construction, the largest number of power units under construction in the world. There is legitimate global demand competing for energy and it is driving up more than just the price of oil. I agree though that Natural gas will eventually move much higher.
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So what do you think, start investing in uranium?