Welcome! Log In Create A New Profile Recent Messages

Deep Creek Hot Springs

The Moon is Waxing Gibbous (100% of Full)


Advanced

Re: SC40

All posts are those of the individual authors and the owner of this site does not endorse them. Content should be considered opinion and not fact until verified independently.

April 09, 2007 11:23PM
http://www.bloomberg.com/apps/news?pid=20601082&sid=aAkDn77AV0S0&refer=canada

Uranium Rises to Record $113 a Pound in U.S. Auction

Uranium prices rose 19 percent to a record $113 a pound at a U.S. auction because of increasing demand for the fuel used in nuclear power plants, industry consultant TradeTech LLC said..........

..........The competition between utilities, traders and funds has increased,'' Peter Wood, a TradeTech representative based in London, said in a telephone interview today. The percentage jump, from $95 a pound a week earlier, was the biggest since prices were first reported in 1968, Denver-based TradeTech said in its weekly Nuclear Market Review.............

...........Uranium prices have surged 57 percent this year, according to TradeTech. That's more than any of the industrial metals traded on the London Metal Exchange, such as nickel, or precious metals, including gold. Concerns that the use of fossil fuels is increasing global warming and the potential scarcity of oil and natural gas is spurring international demand for nuclear power.

``Last year, the uranium price increased by approximately 70 U.S. cents a week,'' Greg Barnes, an analyst at TD Newcrest Inc. in Toronto, said today in a note to clients. ``So far this year, the spot price has increased by $2.73 a week.''...............

Its is reported, that because of all the growing interest worldwide in developing new nuclear power plants to address global warming and diminishing oil and gas supplies, that Peak Uranium ( maxium world production of this commodity ) is now on the horizen. In meeting the coming challenges for world energy, the realities of the massive requirements of worldwide demand, are showing that matching the sheer volume of energy supplies provide by oil and gas, will find various alternatives like ethanol, tar sands, and nuclear, realistically not in a position to match the massive scale of what oil and gas have provided us in cheap, abundant energy.
SubjectAuthorViewsPosted

SC40

Wizard 964April 03, 2007 10:51PM

Re: SC40

Wizard 630April 03, 2007 11:16PM

Re: SC40

Wizard 529April 03, 2007 11:30PM

Re: SC40

Wizard 596April 04, 2007 12:01AM

Re: SC40

Wizard 558April 04, 2007 01:01AM

Re: SC40

Wizard 603April 04, 2007 10:47PM

Re: SC40

Wizard 519April 04, 2007 11:06PM

Re: SC40

Wizard 542April 04, 2007 11:24PM

Re: SC40

Wizard 539April 09, 2007 11:23PM

Re: SC40

Wizard 538April 10, 2007 08:34PM

Re: SC40

mojavegreen 570April 10, 2007 09:51PM

Re: SC40

Wizard 467April 11, 2007 10:34PM

Re: SC40

Wizard 554April 11, 2007 11:00PM

Re: SC40

Wizard 574April 14, 2007 05:25PM

Re: SC40

Wizard 616April 14, 2007 06:00PM

Re: SC40

Wizard 499April 16, 2007 10:22PM

Re: SC40

Wizard 551April 18, 2007 10:00PM

Re: SC40

Paul P. 552April 19, 2007 01:00PM

Re: SC40

Rick 1131April 19, 2007 03:58PM



Sorry, only registered users may post in this forum.

Click here to login