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Tuesday, June 21, 2011

uranium opinion

It's interesting that when I was evaluating uranium investments, I considered the possibility of a nuclear reactor accident.  I figured that it would scare the US (and maybe Europe as well), but Asia and the rest of the world would continue just the same.  The sad thing is that new reactors are far, far safer than the old ones.  The extreme example are the pebble bed reactors that are essentially unattended batteries.

Apparently, Aomori Prefecture 青森県 (literally Blue Forest) in Japan voted resoundingly for a pro-nuclear governor and they're not far from Fukushima.

Everything in the uranium industry is going as expected, although much slower.  It's easier to know what will happen than when.

However, the spot price is dropping.

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