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@Xriva @Excelsior So is #Nuclear really needed for base power ? Is that still the thinking ? Or will Alt Power combined with battery storage provide most of the base power in the future? If so any guess as to timelines ?
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from #solar,
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@Excelsior @Xriva - At present Nuclear is still very much needed in many countries like the US, Russia, France, S. Korea, China, India, etc... however, these recent developments in France, Switzerland, and Vietnam weren't a positive. The recent earthquake in Japan was also a sucker-punch while the #Uranium price is down, that we could have done without. #RenewableEnergy sources of energy are gaining traction - but they are not there yet to handle all the developed countries or emerging markets base load power concerns. The #Energy Sector will continue to be a mix of multiple inputs over the next decade or two, and personally, I want to own a little of all of it #Oil, #NatGas, #Nuclear, #Hydroelectric, #Solar, #Wind, #Geothermal, #Tidal (however, I'm not really a fan of #Coal).
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from #solar,
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@Gab Scientists convert #nuclear waste into diamond batteries lasting more than 5,000 year. shttps://www.rt.com/uk/369020-nuclear-battery-diamond-scientists/
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from #uranium,
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@newstracker Published on Nov. 30th, the Red Book, Uranium 2016: Resources, Production and Demand notes that production capacity to meet the world's needs rather than the availability of uranium resources will be a big challenge in the coming years. A 10% increase in overall worldwide uranium exploration and mine development expenditures since the previous Red Book could largely be attributed to development activities at only two projects: Cigar Lake in Canada, and Husab in Namibia. http://www.world-nuclear-news.org/UF-Red-Book-sees-production-capacity-as-future-uranium-challenge-0512167.html #uranium #nuclear
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@DanO Scientists Turn #Nuclear Waste Into Long-Lived #Diamond Batteries. The diamonds are made from radioactive graphite and can generate a small electric current for thousands of years. http://www.popularmechanics.com/science/energy/a24050/nuclear-waste-diamond-batteries/
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from ~roughingit,
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@Alan This is a really good article with links to some very short videos explaining all the different energy sources we use. It has #oil #naturalgas #solar #hydro #nuclear. http://www.visualcapitalist.com/energy-sources-101-short-videos/
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from @alan,
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@newstracker Trump’s take on nuclear energy is quite simple. As he noted after the 2011 Fukushima disaster in Japan: “If a plane goes down, people keep flying. If you get into an auto crash, people keep driving.” http://oilprice.com/Alternative-Energy/Nuclear-Power/Trump-Could-Fuel-A-Nuclear-Energy-Boom-In-2017.html #nuclear
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@TheHolyBuyBull The future of near limitless energy #nuclear #uranium https://www.youtube.com/watch?v=2GAtUkxpttY+
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@newstracker #Uranium - #Nuclear scandal in France has potential to damage uranium demand - Manufacturing flaws in critical parts covered up. Problem is that these critical parts have been used in nuclear reactors world-wide. - The parts are from Areva’s Le Creusot Forge in Central France. - Cautious nuclear authorities will be examining the problem and may take reactors offline as recently seen in France as a precaution. Source: http://www.spangel.co.uk/
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@Alan Here is a YouTube channel with some fantastic short clips on the different forms of energy. This clip is for #nuclear but there are many more https://youtu.be/44ovdxOvP_A+
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from #mbgtrends,
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@TheHolyBuyBull @edp007 on page 35 it indicates that #nuclear energy will see the greatest percentage growth of any of the 2040 projected energy sources #uranium. It appears to be a doubling.
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from #index,
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@newstracker Japan on Wednesday formally pulled the plug on an $8.5 billion nuclear power project designed to realize a long-term aim for energy self-sufficiency. The move to shut the Monju prototype fast breeder reactor adds to a list of failed attempts around the world to make the technology commercially viable and potentially cut stockpiles of dangerous nuclear waste. http://www.reuters.com/article/us-japan-nuclear-monju-idUSKBN14A0UX #nuclear #Japan
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@Xriva I've not beaten this drum in a while. But on the topic of alt power conbined with battery storage competing with base nuc power . . . . Roughly every month or so I hear of another large battery project to help alt power better supply baseload. Any new thoughts on this topic? Is #Nuclear #Uranium basepower still king?
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from #nxe,
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@newstracker Plenty of M&A deals have destroyed value for the acquirer's investors but few have done so quite as quickly, or egregiously, as Westinghouse Electric’s purchase of CB&I Stone & Webster Inc., a U.S. nuclear construction business. On Tuesday, Westinghouse’s parent company Toshiba Corp. said a reassessment of the $229 million deal, announced barely a year ago, might oblige it to take a charge of several billion dollars. https://www.bloomberg.com/gadfly/articles/2016-12-27/toshiba-s-m-a-meltdown-shows-risks-in-nuclear #nuclear #energy
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@newstracker Sweden denies permit for $7.4B offshore wind farm because the project would interfere with its military. “The fact that this interfered with the military in some way was probably the final nail in the coffin,” said Keegan Kruger, wind analyst at BNEF. “They just don’t have the incentive right now with an abundance of cheap hydro. Also, they consider nuclear as a renewable power source for their 100 per cent renewable target by 2040 and have recently removed a tax on nuclear generation.” http://www.calgaryherald.com/news/sweden+denies+permit+offshore+wind+farm+because+project/12609885/story.html #energy #Sweden #wind #nuclear
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@nlepan Proposals to move nuclear waste material from its current Lake Huron site in Ontario is going to cost billions even without an intended destination in mind. Moving the location now would add as much as $3.5 billion, Ontario Power Generation says. The money would go toward buying and preparing the needed land, as well as to packaging and shipping the dangerous waste. In addition, the utility says, the current plan to start burying the waste in 2026 would be derailed and in-service date would likely be pushed back to as late as 2055 if another site is chosen. http://www.cbc.ca/news/technology/moving-planned-nuclear-waste-site-would-cost-billions-ontario-power-generation-1.3920766 #Ontario #nuclear #waste
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@nlepan The next generation of nuclear power is coming, as concerns about climate change bring the industry out of hibernation. There are new startups and young scientists are hoping to develop solutions for safely generating vast amounts of nuclear energy. http://www.pbs.org/newshour/bb/demand-clean-energy-inspires-new-generation-innovate-nuclear-power/ #nuclear #energy
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@nlepan The Indian Point nuclear plant will shut down by April 2021 under an agreement New York State reached this week with Entergy, the utility company that owns the facility in Westchester County, according to a person with direct knowledge of the deal. NYSE: $ETR http://www.nytimes.com/2017/01/06/nyregion/indian-point-nuclear-power-plant-shutdown.html? #nuclear #energy
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from #index,
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@TheHolyBuyBull Trump's tweets moved markets #nuclear
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@Leon Like it or not, #China is counting on #nuclear as an integral part of its clean energy future. Despite the recent rally, there are a couple of favorite #uranium names that may have plenty of room to run over the larger term. $GXU $URG http://energyandgold.com/2017/01/11/uranium-stocks-surge-nexgen-closes-at-all-time-high/
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@Excelsior (Pages 6-10) of this $LTBR Lightbidge #CorporatePresentation give some interesting stats and Macro overview of the #Uranium and #Nuclear markets. http://www.ltbridge.com/images/Lightbridge_presentation.pdf
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@Excelsior @Onlyflaws - I really just started following $LTBR (after scouring different people's choices in the #stockpickingcontest ;-) The info on their Corporate Presentation just seemed nice to post for any investors following the #Nuclear #Energy sector. Yes, the longer term chart for Lightbridge looks rough, but so do most of the #Uranium sector for the last 5 years. They provide enhanced nuclear fuel that is more efficient and safer due to Zirconium-Niobium cladding on the outside and a Uranium-Zirconium core. Seems like an interesting idea and they have a partnership agreement with $ARVCF Areva. Lightbridge and AREVA Reach Agreement on Key Terms for Joint Venture to Develop and Commercialize Innovative Metallic Nuclear Fuel November 2, 2016 http://ir.ltbridge.com/releasedetail.cfm?ReleaseID=996950
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@nlepan The Economist reports in light of the write down by Toshiba on nuclear assets purchased from Westinghouse, the company will not abandon its nuclear business. It can raise capital from sale of its semiconductor business. Toshiba has a central part in Shinzo Abe's to help bolster Japanese economic growth by exporting nuclear-power technology to emerging countries, which may help the company. Before, the acquisition, Westinghouse had signed a deal in India to build 6 nuclear reactors, Toshiba's first order since the Dai-ichi nuclear meltdown in Fukushima. Japanese banks known for propping up zombie companies, may come and support Toshiba through its current spat of trouble. At time of publication, shares in Toshiba were trading at $2.64 on the US OTC market. http://www.economist.com/news/business/21713896-its-share-price-plunged-40-three-days-investors-worried-about-its-financial #nuclear #uranium #Japan #cigarbuttinvesting
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@Excelsior 5 #Uranium Statistics That Will Blow You Away #Nuclear power is bigger than investors think, which means uranium demand is set to grow in the years ahead Reuben Gregg Brewer (TMFReubenGBrewer) – Jan 13, 2017 http://www.fool.com/investing/2017/01/13/5-uranium-statistics-that-will-blow-you-away.aspx
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@Excelsior #Japan gives passing grade to 10th #Nuclear reactor Two Kyushu #Power units latest to clear safety checks January 19, 2017 [ #Uranium ] http://asia.nikkei.com/Japan-Update/Japan-gives-passing-grade-to-10th-nuclear-reactor
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@nicholaslepan A 100,000-Year Tomb for Finland’s Nuclear Waste. Other countries have hit political roadblocks in finding a lasting fix to the world’s nuclear-waste problem. Finland, meanwhile, has been quietly breaking ground. http://www.wsj.com/articles/a-100-000-year-tomb-for-finlands-nuclear-waste-1485253831? #nuclear
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@Excelsior Enriched #Uranium as a Strategic Resource 09.15.2016 Remarks as prepared Daniel B. Poneman -Centrus Energy Corp. President & CEO World #Nuclear Association Annual Symposium - London, UK http://www.centrusenergy.com/news/enriched-uranium-strategic-resource/ http://www.centrusenergy.com/wp-content/uploads/2016/09/Poneman-Enrichment-as-a-Strategic-Resource-2016-09-15.pdf
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from #uranium,
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@nicholaslepan Toshiba to Exit Nuclear Construction Business. Facing billions of dollars in losses after ill-fated bet, Westinghouse unit will limit future nuclear business to selling reactor designs. https://www.wsj.com/articles/toshiba-to-exit-nuclear-construction-business-1485887107 #nuclear
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Mutt The #uranium hype will fade faster than this most recent up tick. I think we are a ways away (few years at least) from a meaningful, strong, sustained rally. Some more crap companies need to be flushed down the drain and full out capitulation needs to be reached in the sector. https://www.wsj.com/articles/toshiba-to-exit-nuclear-construction-business-1485887107 #nuclear
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@Excelsior $CCO $CCJ Cameco Rejects TEPCO's #Uranium Contract Termination Notice (Marketwired - Feb. 1, 2017) - "Cameco announced Tokyo Electric Power Company Holdings, Inc. (TEPCO) has issued a termination notice for a uranium supply contract with Cameco Inc. that we do not accept. Cameco Inc. sees no basis for terminating the contract, considers TEPCO to be in default, and will pursue all its legal rights and remedies." "On January 31, 2017, TEPCO confirmed it would not accept a uranium delivery scheduled for February 1, 2017, and would not withdraw the contract termination notice it provided to Cameco Inc. on January 24, 2017. TEPCO alleges that an event of 'force majeure' has occurred because it has been unable to operate its nuclear generating plants for 18 consecutive months due to government regulations arising from the #Fukushima #nuclear accident in March 2011." #OverSupply #UraniumMarketBottom https://www.juniorminingnetwork.com/junior-miner-news/press-releases/581-tsx/cco/28851-cameco-rejects-tepco-s-uranium-contract-termination-notice.html
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@Excelsior @Goldfinger - Tepco is oversupplied with #Uranium because the Japanese reactors haven't been running since Fukushima. It's been coming ever since they left most of their fleet off for years. It just shows the sign of the times that power companies are trying to weasel out of longer term supply contracts. "So yeah..... You know how we signed that contract saying we'd buy all this #Uranium from you......yeah..... we don't want any more for a while.....we want out of that contract...." While it may drag out a while longer, this is what the bottom in a commodity sector is triggered by. $CCO $CCJ is right to insist their supply contract be honored, as that is why there was a contract in the first place, but it's a sad & interesting supply/demand story playing out in the #Nuclear energy sector.
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@Excelsior @Goldfinger - I agree with you there as well. That is what is so concerning about this. It also would set up a very negative precedent for other longer term supply contracts. $CCJ $CCO #Uranium #Nuclear
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@nicholaslepan Indian Department of Atomic Energy seeks nod for 12 more atomic power projects http://ecoti.in/F-TlIZ #nuclear #India
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@Excelsior @Lukester599 - I'm not too worried about that at present. The real question would be how many years would it take to build out the infrastructure of molten salt reactors on a global basis to absorb all the base load power from the operating 440 #Nuclear reactors? Also, what about the 60+ Nuclear plants under construction currently? In the article it mentions there were some budgetary setbacks on the construction of some those 66 reactors back in 2014 (but many of those projects are back on track 3 years later). What about all the smaller nuclear plants used by the government, or the fleets of nuclear submarines in use? This is the same argument people have made for 60 years about #Thorium reactors replacing all #Uranium - Great idea, but implementing the shut down and removal of all the old reactors and the huge costs and build out of the new reactor fleet would take decades, and that article mentions 10-20 years. That's a far cry from the Uranium miners going "poof" in short order. By the time anything like that will take place we'll all be on Caribbean or Greek Islands sipping drinks out of coconuts :-) What is far more likely is that the technology to enhance the #NuclearFuel to existing nuclear plants will be where the adaptation to the current model takes place. For example: $IB $IAALF IBC Advanced Alloys is working with scientists from MIT and Texas A&M testing #Beryllium coated fuel rods that are more efficient and would prevent future meltdowns. Nuclear Fuels Initiative - Increasing Eciency and Safety - (White Paper) http://www.ibcadvancedalloys.com/clientuploads/NuclearInfo/Nuclear%20Fuels%20White%20Paper_R4.pdf There is a company we've discussed on here recently, $LTBR Lightbridge Corp that has a JV with 2nd largest #Uranium company $ARVCF Areva to use a #Uranium - #Zirconium core with a #Zirconium - #Niobium cladding on the outside of their Fuel rods in a similar way to improve efficiency and reduce most concerns of future meltdowns. "The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel." $LTBR Lightbridge #CorporatePresentation (SEE Page 12 on this presentation for the fuel rod) http://www.ltbridge.com/images/Lightbridge_presentation.pdf They've been going around and presenting the idea over the last year or so, and are getting traction, having Areva as their partner, to help roll out the new fuel. Lightbridge Selected to Present at CleanEquity Monaco 2017 - The 10th Anniversary /PRNewswire/ -- Lightbridge Corporation (NASDAQ: LTBR) http://ir.ltbridge.com/releasedetail.cfm?ReleaseID=1007059 * The solution will be in treating the #Nuclear fuel for existing reactors and makes far more sense, than building another 500 plus different reactors and shutting down all the existing ones (many of which have already been budgeted for the next few decades).
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from #uranium,
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@Excelsior Uranium Energy Corp Issues Shareholder Letter and CEO Presentation February 7, 2017 - $UEC Uranium Energy Corp is pleased to provide the following letter to its shareholders from President and CEO, Amir Adnani. A corner is turning in the #uranium market. You can see this in the improving price for spot uranium which is up over 40% in just two months. Several factors are contributing to major change. http://www.uraniumenergy.com/featured-video/ • "On the $supply side of the #uranium market, in late 2016 the uranium price dropped to a 12-year low and made many industry analysts question when we would see more production cuts by major producers. It didn’t take long, and in early January 2017 the world’s largest uranium miner, Kazatomprom, Kazakhstan’s national uranium company that produces 40% of the world’s annual supply, announced a 10% reduction in uranium production. This single action will reduce global output by approximately 4%, and comes on the heels of previous production cutbacks announced by other uranium producers in 2016. • On the $demand side, the global growth in #nuclear power capacity is clear with 60 reactors under construction worldwide. Over 20 mega-cities in Asia are facing serious air pollution crises which cannot be resolved without emission-free baseload electricity generation that only nuclear power provides. Additionally, US utilities are expected to significantly increase their spot market and long term contracting in 2017 to fill their near-term and long-term uranium requirements. The last major contracting cycle occurred in the 2005-2010 period, with many of those contracted commitments rolling off today. That period saw the uranium price react strongly and reach all-time highs...." http://www.uraniumenergy.com/news/releases/index.php?&content_id=619
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@Pete 5 hurt as explosion shakes Flamanvile (France) #Nuclear site. No nuclear risk at this moment. http://tinyurl.com/h8ojzje #Urianium
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@nicholaslepan A fire led to a blast in the machine room of a nuclear power plant on France's northwest coast on Thursday morning but there was no radiation leak or casualties. http://www.ctvnews.ca/world/explosion-in-french-nuclear-power-plant-s-machine-room-1.3277501 #France #nuclear
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@nicholaslepan Nuclear Energy Institute to Wall Street: Nuclear Energy Is a Cornerstone of American Infrastructure. The nation faces two challenges of immediate concern: preserving as much of its baseload infrastructure as possible, which includes existing nuclear capacity, and creating the policy conditions under which companies will develop and build new nuclear capacity. https://www.nei.org/News-Media/Media-Room/News-Releases/NEI-to-Wall-Street-Nuclear-Energy-Is-a-Cornerstone #nuclear
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@Excelsior @Newton - Yes, I truly believe, that treating the #Nuclear fuel will be the way to ease public sentiment about future meltdowns, utilize lower temperatures, and make #Nuclear power more efficient. The #Berryllium coated #Uranium pellets from $IB or the #Zirconium - #Niobium clad fuel rods with a #Uranium - #Zirconium core from $LTBR are two emerging innovations that could really take the nuclear power industry to the next level.
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from #ib,
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@Excelsior The Greatest Prize In All History – (Again) by @Gianni on February 12, 2017 - [that last passage really sums it up] “The average #electricvehicle has 100 kilograms of #copper. When a 200 MW wind park is constructed, it requires on average 5 tonnes of copper per MW, whereas conventional power generation – #thermalcoal, #naturalgas, #nuclear – requires 1 tonne per MW. The average American household has ~400 pounds of copper – that has remained unusually static for decades. So what happens in the house where Musk did his #solar roof demonstration. The exact maths have yet to be completed, yet a pencil and paper are not essential for a basic understanding. Between the home, solar roof, #batteries and one #EV, there would easily be in excess of 1,000 pounds of copper in an energy self-sufficient dwelling. The potential for: #copper, #lithium, #cobalt, #nickel, and others, is mind boggling.” https://www.ceo.ca/@gianni/the-greatest-prize-in-all-history-again
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@Excelsior @Lukester599 - Absolutely, it is a wise and balanced approach to having some healthy skepticism, as it relates to the recovery of the uranium market. There have been plenty of head fakes and false rallies since 2011, and there is a large supply overhang that the market is digesting. Still, there are 60 + new reactors being built and about 100 planned, Kazakhstan is cutting pack production, and we live in a world that is electrifying. The power mix will come from a combination of energy inputs, but #Nuclear will remain a big part of that mix. When Uranium got down below $18 to the $17.75 level, it seemed ridiculous, and it sure seemed like a bottom in price and in sentiment. I'm moving forward with the thesis that Nuclear energy is moving forward. The price has to rise to meet the cost of production, because if this drags out much longer we'll have total supply destruction. I'm betting on a steady climb in Uranium moving into 2020, and some of these miners are going to take quite a ride. Cheers!
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from #uranium,
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@Leon Nuclear energy is not a civilian economic activity. It's an appendage of the nuclear weapons industry which is controlled by the so-called defense contractors. The powerful corporate interests behind #nuclear energy and nuclear weapons overlap. That's why no concerns has been expressed at the political level as to the likely consequences of a US-NATO-Israel attack on Iran, using "safe for civilians" tactical nucelar weapons against a non-nuclear state. A nuclear nightmare! ~ Professor Michel Chossudovsky #uranium #politics www.globalresearch.ca/fukushima-a-nuclear-war-without-a-war-the-unspoken-crisis-of-worldwide-nuclear-radiation/28870
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Geothermal is a bet against Nat gas If you are investing in electric you should be betting against #naturalgas $ora has been pricing atot of their electric based on natural gas and it is the price to beat for new plants. Nuclear has also been mentioning Nat gas when they decide to close plants. The good news would be that Nat gas won't stay cheap and there is new technology being developed for geothermal and $nuclear so that prices should go down relative to nat gas.
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@Excelsior @Bimbeebop - I agree that the increase of the #Uranium price from below $18 to $25-$26 has been a noteworthy percentage increase, as was the US/Russian agreement to quit dumping so much #Nuclear fuel into to the spot markets from a program that was supposed to have ended a few years ago and completely disregarded the metrics of that program, as it relates to limits and the amount sold and pricing. This had further tanked the spot price the last few years and trashed many of these mining companies share prices. In 2015, 86% of uranium supply came from mines and 14% came from decommissioned nuclear warheads and other secondary uranium production sources. There was some misplaced elation from Trumps tweets, but in contrast, the Kazakhstan reduction of output of 10% was a valid sentiment and price driver. So when people say it was an unwarranted move up, they clearly are not following the space or following the macro drivers. Lastly, the longer-term offtake agreements will be getting negotiated from 2017-2020 and this will only drive prices higher, as no companies are making money at $25 and need #Uranium closer to $50-$60. Let's get real, spot pricing can't camp out here for years or there won't be any Uranium mining companies left. Anyone that seriously believes U will be stuck at this same level flat for 3 years doesn't understand how these off-take agreements will be adjusting pricing up when power and utility companies come back to the market. So a short term sideways to down consolidation wouldn't surprise me at all, and a pullback of 20% should be bought, but a 2-3 year stall would be the end of the industry as we know it, so odds are pricing will head higher moving into 2020 and the Uranium mining stocks will be rerated accordingly.
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from #uranium,
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@Leon The collapse of $TOSYY will result in the halting of all new nuclear power plant construction by its US-based subsidiary, Westinghouse. #Nuclear energy is, simply, in a rappidly accelerating crisis. #uranium www.environmentalprogress.org/big-news/2017/2/13/why-its-big-bet-on-westinghouse-nuclear-bankrupted-toshiba
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