James Dines predicts a buying panic in the uranium market over the coming years for three key reasons:
1) Global uranium demand is outpacing supply by about 300 million pounds per year due to growing usage in places like China and the former Soviet Union. Utilities are concerned about potential shortages.
2) There are over 400 nuclear reactors worldwide currently in use, with more being built, increasing dependence on uranium. Concern about energy security is driving more investment in nuclear power.
3) As oil supplies dwindle and prices rise due to increasing global demand, other energy sources like uranium and nuclear power will become more competitive and appealing. Dines believes uranium prices could rise to $
The United States Cannot Attain EnergyIndependenceForeign .docxchristalgrieg
The United States Cannot Attain Energy
Independence
Foreign Oil Dependence, 2016
From Opposing Viewpoints in Context
Jordan Weissmann is a senior associate editor at the Atlantic.
The United States and Canada have increased oil and gas production, and they may continue
to do so. This would mean that over time the United States would import less from the Middle
East. However, it is unlikely that America will ever produce so much oil and gas that it can
completely abandon Middle Eastern oil. Even if it could, oil is a worldwide commodity, which
means that the price is set by all resources available in the world. Even if the US were not
purchasing foreign oil, a drop in supply of that oil would still cause prices to rise worldwide. So
increased domestic production of oil is unlikely to make the United States truly independent,
as some experts maintain.
American energy independence makes for great political rhetoric. And not much else. We can thank
President [Richard] Nixon for the term. During the dark days of the 1973 Arab oil embargo, he publicly
vowed to wean the United States off foreign energy sources by the end of the decade, an initiative he
dubbed "Project Independence." While things didn't quite pan out the way he imagined, the dream he
conjured has lived on with presidents from both parties ever since.
Politicians Embrace Energy Independence
These days, though, it's not just politicians who are dreaming. Over the last year, it's become
respectable—even chic, in a geeky, Washington think-tank sort of way—to suggest that the United
States might indeed be close to kicking its foreign energy habit. Take this Bloomberg headline from
Monday [February 2012]: "America Gaining Energy Independence." Or this Financial Times article
from October [2011]: "Pendulum Swings On American Oil Independence." Daniel Yergin, the
renowned oil analyst and Pulitzer Prize winner, now argues that the center of world oil production may
be moving from the Middle East to the Western hemisphere.
There are plenty of good reasons for the optimism. With the development of its massive shale
deposits, the United States has become the world's single largest producer of natural gas. We're so
awash in it that domestic prices have plummeted to historic lows. Advances in drilling technology have
also made it possible to access hard-to-tap "tight" oil reserves in states such as North Dakota.
Analysts believe those fresh crude sources could yield 2.9 million barrels of oil a day by 2020, up from
900,000 today. Meanwhile, cars are getting more efficient, and fuel use has dropped after soaring
during the last decade, which frees up more energy production for export. According to Bloomberg, the
U.S. is already getting 81% of its energy from domestic sources, the largest share since 1992, and up
10 percentage points since 2005.
Then, there's Canada, which now claims the world's third largest oil reserves thanks to Alberta's
petroleum rich tar sands. That's important because ...
The Long Emergencyby James Howard Kunstler, originally published.docxoreo10
The Long Emergency
by James Howard Kunstler, originally published by Rolling Stone Magazine | Mar 24, 2005
A few weeks ago, the price of oil ratcheted above fifty-five dollars a barrel, which is about twenty dollars a barrel more than a year ago. The next day, the oil story was buried on page six of the New York Times business section. Apparently, the price of oil is not considered significant news, even when it goes up five bucks a barrel in the span of ten days. That same day, the stock market shot up more than a hundred points because, CNN said, government data showed no signs of inflation. Note to clueless nation: Call planet Earth.
Carl Jung, one of the fathers of psychology, famously remarked that "people cannot stand too much reality." What you're about to read may challenge your assumptions about the kind of world we live in, and especially the kind of world into which events are propelling us. We are in for a rough ride through uncharted territory.
It has been very hard for Americans -- lost in dark raptures of nonstop infotainment, recreational shopping and compulsive motoring -- to make sense of the gathering forces that will fundamentally alter the terms of everyday life in our technological society. Even after the terrorist attacks of 9/11, America is still sleepwalking into the future. I call this coming time the Long Emergency.
Most immediately we face the end of the cheap-fossil-fuel era. It is no exaggeration to state that reliable supplies of cheap oil and natural gas underlie everything we identify as the necessities of modern life -- not to mention all of its comforts and luxuries: central heating, air conditioning, cars, airplanes, electric lights, inexpensive clothing, recorded music, movies, hip-replacement surgery, national defense -- you name it.
The few Americans who are even aware that there is a gathering global-energy predicament usually misunderstand the core of the argument. That argument states that we don't have to run out of oil to start having severe problems with industrial civilization and its dependent systems. We only have to slip over the all-time production peak and begin a slide down the arc of steady depletion.
The term "global oil-production peak" means that a turning point will come when the world produces the most oil it will ever produce in a given year and, after that, yearly production will inexorably decline. It is usually represented graphically in a bell curve. The peak is the top of the curve, the halfway point of the world's all-time total endowment, meaning half the world's oil will be left. That seems like a lot of oil, and it is, but there's a big catch: It's the half that is much more difficult to extract, far more costly to get, of much poorer quality and located mostly in places where the people hate us. A substantial amount of it will never be extracted.
The United States passed its own oil peak -- about 11 million barrels a day -- in 1970, and since then production has dropped st ...
Unearthing foreign elements from the Good Earth.
Aluminium business of Vedanta to bring two mines into operation.
Orissa HC directs state government to set up special courts for
cases of illegal mining.
Coal Ministry receives 26 bids for auction of 11 mines
India aims to reopen discontinued coal mines; seeks
private participation
42 mines auctioned till date for commercial mining:
Coal Ministry
India should focus on procuring minerals crucial for powering
EVs: study
Sarda Mines moves SC to direct Odisha govt to execute mining
lease deed in its favour
GSI stumbles upon lithium reserves in Anantapur
The trials of Goa’s mining industry: A problem of politics, people
and private industry
Navigating from one problem to the next gracefully in the best
possible way......
62707 1041 AMEnergyBulletin.net The Long EmergencyPa.docxevonnehoggarth79783
6/27/07 10:41 AMEnergyBulletin.net :: The Long Emergency
Page 1 of 5http://www.energybulletin.net/print.php?id=4856
Published on Thursday, March 24, 2005 by Rolling Stone Magazine
The Long Emergency
By James Howard Kunstler
A few weeks ago, the price of oil ratcheted above fifty-five dollars a barrel, which is about twenty dollars a barrel more
than a year ago. The next day, the oil story was buried on page six of the New York Times business section.
Apparently, the price of oil is not considered significant news, even when it goes up five bucks a barrel in the span of
ten days. That same day, the stock market shot up more than a hundred points because, CNN said, government data
showed no signs of inflation. Note to clueless nation: Call planet Earth.
Carl Jung, one of the fathers of psychology, famously remarked that "people cannot stand too much reality." What
you're about to read may challenge your assumptions about the kind of world we live in, and especially the kind of
world into which events are propelling us. We are in for a rough ride through uncharted territory.
It has been very hard for Americans -- lost in dark raptures of nonstop infotainment, recreational shopping and
compulsive motoring -- to make sense of the gathering forces that will fundamentally alter the terms of everyday life in
our technological society. Even after the terrorist attacks of 9/11, America is still sleepwalking into the future. I call this
coming time the Long Emergency.
Most immediately we face the end of the cheap-fossil-fuel era. It is no exaggeration to state that reliable supplies of
cheap oil and natural gas underlie everything we identify as the necessities of modern life -- not to mention all of its
comforts and luxuries: central heating, air conditioning, cars, airplanes, electric lights, inexpensive clothing, recorded
music, movies, hip-replacement surgery, national defense -- you name it.
The few Americans who are even aware that there is a gathering global-energy predicament usually misunderstand the
core of the argument. That argument states that we don't have to run out of oil to start having severe problems with
industrial civilization and its dependent systems. We only have to slip over the all-time production peak and begin a
slide down the arc of steady depletion.
The term "global oil-production peak" means that a turning point will come when the world produces the most oil it will
ever produce in a given year and, after that, yearly production will inexorably decline. It is usually represented
graphically in a bell curve. The peak is the top of the curve, the halfway point of the world's all-time total endowment,
meaning half the world's oil will be left. That seems like a lot of oil, and it is, but there's a big catch: It's the half that is
much more difficult to extract, far more costly to get, of much poorer quality and located mostly in places where the
people hate us. A substantial amount of it will never be extracted.
Th.
Lady Barbara Judge has an extremely broad and successful international career...Lady Barbara Judge
Lady Barbara Judge has an extremely broad and successful international career in multiple public and private sectors, including law, finance and nuclear energy. She has made significant contributions working at the United Kingdom Atomic Energy Authority, for which, in 2010, she was awarded Commander of the British Empire in the Queen’s Birthday Honours. An outspoken proponent of nuclear energy, she gave an inspiring speech at Columbia University's Earth Institute that aimed to present the main developments and the importance of nuclear energy for our world. In her speech, she emphasized how energy is one of the world’s most pressing concerns and, in particular, the question of whether we have enough energy to last us in the future. One of the main points made is that, right now, nuclear energy contributes 20% of the world’s energy. What Lady Barbara Judge also emphasizes is that, at this moment in time, scientists have not yet found a way in which renewable energy can be efficiently stored or transported, meaning that alternative energy cannot be considered a replacement of nuclear power. In her speech, she notes that nuclear energy acts like a base load generator that has unlimited capacity and that generates energy at a pretty low cost, which does not have to fluctuate like in the case of oil and gas prices.
Lady Barbara Judge reflected on the various concerns which, for decades, have prevented people from accepting the potential of nuclear energy. As she points out, nuclear power remains a political issue, which needs to change if we want to learn how to use it in a smart and efficient way. The politics of the past can no longer dictate how nuclear energy is perceived by the general public. According to her, the press has an important role to play when it comes to changing the narrative around nuclear power. The media must be engaged in the process and understand the issues around nuclear energy in order for us to see a shift in the public perception of the nuclear sector.
As an Honorary Visiting Professor at several academic institutions, including Cass Business School, Lady Barbara Judge has emphasized the importance of providing comprehensive education to students by the revitalization of nuclear departments in universities. The successful operations of the future nuclear plants depends on providing the new generation with the right training and resources.
THE BLIND CONSPIRACY: The Gold Market Chris Helweg
The gold market is heading towards a big fundamental change that few are prepared. While many analysts in the alternative media community suggest that the gold price is manipulated due to Fed and Central bank intervention, there is another more obscure rationale that is the likely culprit. I call it, “The Blind Conspiracy.” an increasing number of so-called precious metals analysts have switched over to Bitcoin and other cryptocurrencies, believing that gold and silver will no longer function as monetary metals. However, some of these analysts suggest that silver will still be valuable because it will be used as critical raw material in advanced products in our new HIGH-TECH WORLD.
1.Wireless Communication System_Wireless communication is a broad term that i...JeyaPerumal1
Wireless communication involves the transmission of information over a distance without the help of wires, cables or any other forms of electrical conductors.
Wireless communication is a broad term that incorporates all procedures and forms of connecting and communicating between two or more devices using a wireless signal through wireless communication technologies and devices.
Features of Wireless Communication
The evolution of wireless technology has brought many advancements with its effective features.
The transmitted distance can be anywhere between a few meters (for example, a television's remote control) and thousands of kilometers (for example, radio communication).
Wireless communication can be used for cellular telephony, wireless access to the internet, wireless home networking, and so on.
The United States Cannot Attain EnergyIndependenceForeign .docxchristalgrieg
The United States Cannot Attain Energy
Independence
Foreign Oil Dependence, 2016
From Opposing Viewpoints in Context
Jordan Weissmann is a senior associate editor at the Atlantic.
The United States and Canada have increased oil and gas production, and they may continue
to do so. This would mean that over time the United States would import less from the Middle
East. However, it is unlikely that America will ever produce so much oil and gas that it can
completely abandon Middle Eastern oil. Even if it could, oil is a worldwide commodity, which
means that the price is set by all resources available in the world. Even if the US were not
purchasing foreign oil, a drop in supply of that oil would still cause prices to rise worldwide. So
increased domestic production of oil is unlikely to make the United States truly independent,
as some experts maintain.
American energy independence makes for great political rhetoric. And not much else. We can thank
President [Richard] Nixon for the term. During the dark days of the 1973 Arab oil embargo, he publicly
vowed to wean the United States off foreign energy sources by the end of the decade, an initiative he
dubbed "Project Independence." While things didn't quite pan out the way he imagined, the dream he
conjured has lived on with presidents from both parties ever since.
Politicians Embrace Energy Independence
These days, though, it's not just politicians who are dreaming. Over the last year, it's become
respectable—even chic, in a geeky, Washington think-tank sort of way—to suggest that the United
States might indeed be close to kicking its foreign energy habit. Take this Bloomberg headline from
Monday [February 2012]: "America Gaining Energy Independence." Or this Financial Times article
from October [2011]: "Pendulum Swings On American Oil Independence." Daniel Yergin, the
renowned oil analyst and Pulitzer Prize winner, now argues that the center of world oil production may
be moving from the Middle East to the Western hemisphere.
There are plenty of good reasons for the optimism. With the development of its massive shale
deposits, the United States has become the world's single largest producer of natural gas. We're so
awash in it that domestic prices have plummeted to historic lows. Advances in drilling technology have
also made it possible to access hard-to-tap "tight" oil reserves in states such as North Dakota.
Analysts believe those fresh crude sources could yield 2.9 million barrels of oil a day by 2020, up from
900,000 today. Meanwhile, cars are getting more efficient, and fuel use has dropped after soaring
during the last decade, which frees up more energy production for export. According to Bloomberg, the
U.S. is already getting 81% of its energy from domestic sources, the largest share since 1992, and up
10 percentage points since 2005.
Then, there's Canada, which now claims the world's third largest oil reserves thanks to Alberta's
petroleum rich tar sands. That's important because ...
The Long Emergencyby James Howard Kunstler, originally published.docxoreo10
The Long Emergency
by James Howard Kunstler, originally published by Rolling Stone Magazine | Mar 24, 2005
A few weeks ago, the price of oil ratcheted above fifty-five dollars a barrel, which is about twenty dollars a barrel more than a year ago. The next day, the oil story was buried on page six of the New York Times business section. Apparently, the price of oil is not considered significant news, even when it goes up five bucks a barrel in the span of ten days. That same day, the stock market shot up more than a hundred points because, CNN said, government data showed no signs of inflation. Note to clueless nation: Call planet Earth.
Carl Jung, one of the fathers of psychology, famously remarked that "people cannot stand too much reality." What you're about to read may challenge your assumptions about the kind of world we live in, and especially the kind of world into which events are propelling us. We are in for a rough ride through uncharted territory.
It has been very hard for Americans -- lost in dark raptures of nonstop infotainment, recreational shopping and compulsive motoring -- to make sense of the gathering forces that will fundamentally alter the terms of everyday life in our technological society. Even after the terrorist attacks of 9/11, America is still sleepwalking into the future. I call this coming time the Long Emergency.
Most immediately we face the end of the cheap-fossil-fuel era. It is no exaggeration to state that reliable supplies of cheap oil and natural gas underlie everything we identify as the necessities of modern life -- not to mention all of its comforts and luxuries: central heating, air conditioning, cars, airplanes, electric lights, inexpensive clothing, recorded music, movies, hip-replacement surgery, national defense -- you name it.
The few Americans who are even aware that there is a gathering global-energy predicament usually misunderstand the core of the argument. That argument states that we don't have to run out of oil to start having severe problems with industrial civilization and its dependent systems. We only have to slip over the all-time production peak and begin a slide down the arc of steady depletion.
The term "global oil-production peak" means that a turning point will come when the world produces the most oil it will ever produce in a given year and, after that, yearly production will inexorably decline. It is usually represented graphically in a bell curve. The peak is the top of the curve, the halfway point of the world's all-time total endowment, meaning half the world's oil will be left. That seems like a lot of oil, and it is, but there's a big catch: It's the half that is much more difficult to extract, far more costly to get, of much poorer quality and located mostly in places where the people hate us. A substantial amount of it will never be extracted.
The United States passed its own oil peak -- about 11 million barrels a day -- in 1970, and since then production has dropped st ...
Unearthing foreign elements from the Good Earth.
Aluminium business of Vedanta to bring two mines into operation.
Orissa HC directs state government to set up special courts for
cases of illegal mining.
Coal Ministry receives 26 bids for auction of 11 mines
India aims to reopen discontinued coal mines; seeks
private participation
42 mines auctioned till date for commercial mining:
Coal Ministry
India should focus on procuring minerals crucial for powering
EVs: study
Sarda Mines moves SC to direct Odisha govt to execute mining
lease deed in its favour
GSI stumbles upon lithium reserves in Anantapur
The trials of Goa’s mining industry: A problem of politics, people
and private industry
Navigating from one problem to the next gracefully in the best
possible way......
62707 1041 AMEnergyBulletin.net The Long EmergencyPa.docxevonnehoggarth79783
6/27/07 10:41 AMEnergyBulletin.net :: The Long Emergency
Page 1 of 5http://www.energybulletin.net/print.php?id=4856
Published on Thursday, March 24, 2005 by Rolling Stone Magazine
The Long Emergency
By James Howard Kunstler
A few weeks ago, the price of oil ratcheted above fifty-five dollars a barrel, which is about twenty dollars a barrel more
than a year ago. The next day, the oil story was buried on page six of the New York Times business section.
Apparently, the price of oil is not considered significant news, even when it goes up five bucks a barrel in the span of
ten days. That same day, the stock market shot up more than a hundred points because, CNN said, government data
showed no signs of inflation. Note to clueless nation: Call planet Earth.
Carl Jung, one of the fathers of psychology, famously remarked that "people cannot stand too much reality." What
you're about to read may challenge your assumptions about the kind of world we live in, and especially the kind of
world into which events are propelling us. We are in for a rough ride through uncharted territory.
It has been very hard for Americans -- lost in dark raptures of nonstop infotainment, recreational shopping and
compulsive motoring -- to make sense of the gathering forces that will fundamentally alter the terms of everyday life in
our technological society. Even after the terrorist attacks of 9/11, America is still sleepwalking into the future. I call this
coming time the Long Emergency.
Most immediately we face the end of the cheap-fossil-fuel era. It is no exaggeration to state that reliable supplies of
cheap oil and natural gas underlie everything we identify as the necessities of modern life -- not to mention all of its
comforts and luxuries: central heating, air conditioning, cars, airplanes, electric lights, inexpensive clothing, recorded
music, movies, hip-replacement surgery, national defense -- you name it.
The few Americans who are even aware that there is a gathering global-energy predicament usually misunderstand the
core of the argument. That argument states that we don't have to run out of oil to start having severe problems with
industrial civilization and its dependent systems. We only have to slip over the all-time production peak and begin a
slide down the arc of steady depletion.
The term "global oil-production peak" means that a turning point will come when the world produces the most oil it will
ever produce in a given year and, after that, yearly production will inexorably decline. It is usually represented
graphically in a bell curve. The peak is the top of the curve, the halfway point of the world's all-time total endowment,
meaning half the world's oil will be left. That seems like a lot of oil, and it is, but there's a big catch: It's the half that is
much more difficult to extract, far more costly to get, of much poorer quality and located mostly in places where the
people hate us. A substantial amount of it will never be extracted.
Th.
Lady Barbara Judge has an extremely broad and successful international career...Lady Barbara Judge
Lady Barbara Judge has an extremely broad and successful international career in multiple public and private sectors, including law, finance and nuclear energy. She has made significant contributions working at the United Kingdom Atomic Energy Authority, for which, in 2010, she was awarded Commander of the British Empire in the Queen’s Birthday Honours. An outspoken proponent of nuclear energy, she gave an inspiring speech at Columbia University's Earth Institute that aimed to present the main developments and the importance of nuclear energy for our world. In her speech, she emphasized how energy is one of the world’s most pressing concerns and, in particular, the question of whether we have enough energy to last us in the future. One of the main points made is that, right now, nuclear energy contributes 20% of the world’s energy. What Lady Barbara Judge also emphasizes is that, at this moment in time, scientists have not yet found a way in which renewable energy can be efficiently stored or transported, meaning that alternative energy cannot be considered a replacement of nuclear power. In her speech, she notes that nuclear energy acts like a base load generator that has unlimited capacity and that generates energy at a pretty low cost, which does not have to fluctuate like in the case of oil and gas prices.
Lady Barbara Judge reflected on the various concerns which, for decades, have prevented people from accepting the potential of nuclear energy. As she points out, nuclear power remains a political issue, which needs to change if we want to learn how to use it in a smart and efficient way. The politics of the past can no longer dictate how nuclear energy is perceived by the general public. According to her, the press has an important role to play when it comes to changing the narrative around nuclear power. The media must be engaged in the process and understand the issues around nuclear energy in order for us to see a shift in the public perception of the nuclear sector.
As an Honorary Visiting Professor at several academic institutions, including Cass Business School, Lady Barbara Judge has emphasized the importance of providing comprehensive education to students by the revitalization of nuclear departments in universities. The successful operations of the future nuclear plants depends on providing the new generation with the right training and resources.
THE BLIND CONSPIRACY: The Gold Market Chris Helweg
The gold market is heading towards a big fundamental change that few are prepared. While many analysts in the alternative media community suggest that the gold price is manipulated due to Fed and Central bank intervention, there is another more obscure rationale that is the likely culprit. I call it, “The Blind Conspiracy.” an increasing number of so-called precious metals analysts have switched over to Bitcoin and other cryptocurrencies, believing that gold and silver will no longer function as monetary metals. However, some of these analysts suggest that silver will still be valuable because it will be used as critical raw material in advanced products in our new HIGH-TECH WORLD.
1.Wireless Communication System_Wireless communication is a broad term that i...JeyaPerumal1
Wireless communication involves the transmission of information over a distance without the help of wires, cables or any other forms of electrical conductors.
Wireless communication is a broad term that incorporates all procedures and forms of connecting and communicating between two or more devices using a wireless signal through wireless communication technologies and devices.
Features of Wireless Communication
The evolution of wireless technology has brought many advancements with its effective features.
The transmitted distance can be anywhere between a few meters (for example, a television's remote control) and thousands of kilometers (for example, radio communication).
Wireless communication can be used for cellular telephony, wireless access to the internet, wireless home networking, and so on.
Multi-cluster Kubernetes Networking- Patterns, Projects and GuidelinesSanjeev Rampal
Talk presented at Kubernetes Community Day, New York, May 2024.
Technical summary of Multi-Cluster Kubernetes Networking architectures with focus on 4 key topics.
1) Key patterns for Multi-cluster architectures
2) Architectural comparison of several OSS/ CNCF projects to address these patterns
3) Evolution trends for the APIs of these projects
4) Some design recommendations & guidelines for adopting/ deploying these solutions.
This 7-second Brain Wave Ritual Attracts Money To You.!nirahealhty
Discover the power of a simple 7-second brain wave ritual that can attract wealth and abundance into your life. By tapping into specific brain frequencies, this technique helps you manifest financial success effortlessly. Ready to transform your financial future? Try this powerful ritual and start attracting money today!
ER(Entity Relationship) Diagram for online shopping - TAEHimani415946
https://bit.ly/3KACoyV
The ER diagram for the project is the foundation for the building of the database of the project. The properties, datatypes, and attributes are defined by the ER diagram.
1. James Dines
Predicts A Buying
Panic In Uranium
Over the years, Dines successfully forecast the Internet mania, forecasting the
giants of the tech boom, and forecasting the tech bust. A gold bug again, Dines
also added uranium as the metal to watch over the coming years, saying, “This is
my way of playing the whole coming energy boom.”
Interviewer: You have been calling a bull market in uranium and, once again, you
were the first voice in the now-growing crowd of uranium bulls.
James Dines: What a surprise.
Interviewer: Why are you bullish on uranium?
James Dines: It’s very important to get into a bull market early. The earlier, the
better. That’s when the biggest percentage gains are made. That’s why we got into
the Internet very early. We stopped out in 2000. We were in cash for a year and
then went to metals, as the way to play the China boom in 2001. We’re still in
those. In 2002, we turned bullish on uranium as a unique way to play the coming
boom in the whole energy complex.
Interviewer: But why uranium, as opposed to another type of metal?
2. James Dines: Basically, the western world demand is outpacing supply by about
300 million pounds a year. Global uranium use, excluding the growing usage by
China and the former Soviet Union, is running at around 155 million pounds a year,
as compared with global production of only around 94 million pounds. There are
only about 500 customers for this stuff, not counting terrorists (joke). Because of
that, it’s not a regular commodity. The public can’t go and buy uranium. In August
2003, there was a shocking blackout in Canada. The utilities were shaken. They
realized when they don’t pay attention, the lights go out. That was a kick in the
shin for utilities to begin immediate investment in the infrastructure of the
electricity grid. But what is completely under the world’s radar is that nuclear
plants are also concerned about a shortage of uranium. If they run out of uranium,
the lights go out. You can’t switch to another fuel. You can’t toss another log on
the fire, so to speak. Because of that, there is a growing panic among the buyers.
That’s why I became what I’m calling myself: The Original Uranium Bug. And
calling, or predicting, the coming Uranium Melt Up and buying panic.
Interviewer: A panic over uranium. Why do you say that?
James Dines: There’s going to be a buying panic. The bottom line is that in 2002,
there were 441 nuclear reactors worldwide and another 34 under construction. Six
new reactors began commercial production in 2002, three in China, two in South
Korea and one in Japan. Construction began on six reactors in India and four in
South Korea. There are more units coming in Finland, Russia, Ukraine, Romania,
and Brazil. China announced recently they were going to build five more nuclear
facilities. All of the governments of the world have been frightened by the talk of
the difficulty in getting oil. I wouldn’t be surprised if more of them began building
up their strategic oil reserves as the US has done. That would turbo the whole
carbon-based fuel crisis higher. That makes nuclear more than a competitor. The
price of uranium hit $7.10 on Christmas Day 2000, and then began a low, quiet
and slow climb. The bottom line, which I outlined in my book on Mass Psychology,
is that a new bull market must be invisible to the crowd. The corollary to that is
when you see bandwagon on Wall Street, you are too late.
Interviewer: Some are making predictions of $50 uranium or even higher. What do
you think?
James Dines: $50, $60, anything is possible. If you are running a utility and your
choice was getting uranium at any price or having the lights go out, which would
you do? This is my way of playing the whole coming energy boom. I think it’s the
3. smartest way. This is unique. This metal is just not there. We’re just not going to
have it.
Interviewer: How much of a role does Cameco (NYSE: CCJ) play in this market?
James Dines: They control the world’s largest high-grade reserves and low-cost
operations, commanding position. They supply around 20 percent of the western
world’s uranium. It’s America’s only uranium producer, in Wyoming and Nebraska.
Around 20 percent of America’s energy is produced by nuclear power. That
accounts for around 35 percent of the western world’s consumption.
Interviewer: Is there any other way to play the uranium bull market?
James Dines: There is no other way to play it, as far I know of. The utilities buy
the stuff so you can’t buy the metal. There is no other way. That’s why I like the
uranium way of playing the energy boom. Some of my other predictions, like the
Coming Age of the End of Petroleum – this century is going to see the end of the
petroleum age. We’re going to use it up. You have China and India coming
onstream. You’ve got the automobile age coming to those two countries. Not even
one percent of their citizens own cars yet. With all these cars coming onstream,
suddenly everyone is frightened about nailing down their petroleum supplies. I
don’t have to tell you how explosive the Middle East could be. Anything could
happen there. A revolution in Saudi Arabia – the most valuable real estate on the
planet and it’s being gunned after by not just Al Qaedah, but every other big
player on the land mass is saying, we need oil. That’s where the pool is. As that
pool shrinks, it’s going to become more and more valuable. There will be more of a
stampede into other energy sources. You already see it going into coal and natural
gas. Unless they’re going to start putting windmills on cars, it’s over. When it will
end, who knows?
Interviewer: Any guesses?
James Dines: You hear all kinds of guesses. There were only so many dinosaurs
and ferns. It’s finite, and it is dirt cheap. People snivel at $1.67 for gasoline, but
they pay $10/gallon for Gatorade. White-out is $25/gallon. Evian is $21/gallon.
Pepto-Bismol is $123/gallon. People have no concept of how high oil is going to
go. Oil is going to go through the roof. A sound energy portfolio should certainly
4. include some oils. But to me, the center of the chessboard is going to be uranium.
It’s going to get a lot worse before it gets better. Once you start getting sky-high
prices for oil, there’s no limit to what uranium could do. Even with an accelerated
drilling program, it’s going to take years to bring it on. And they haven’t even
started it yet. There’s an energy crisis coming of the first magnitude.
********************************************
James Dines, editor of The Dines Letter since 1960, has been making
recommendations to investors for over 40 years. Recommendations of The Dines
Letter are based on mass psychology, technical and fundamental economics thus
studying both the company and investor behavior. Mr. Dines’ insights have gained
him a reputation as a well-renowned, highly respected and regarded investment
advisor.
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