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Uranium Miners Breakout As Nuclear Power Replaces Oil and Coal
For the first time in American history, coal capacity is being reduced. Jeb Handwerger, a uranium mining analyst discusses why investors are buying junior uranium miners as nuclear power becomes more popular.
He also discusses the potential of spike in oil prices which could cause uranium demand to soar to fuel nuclear power generators. Mr. Handwerger states, "The fine hand of Iran is adding to the possibility that the price of oil may be used as a counter stratagem to destabilize the entire Middle East cauldron as the Arab Spring morphs into the Islamist Winter. We note the recent attacks on our U.S. embassies in Cairo and Benghazi, on the anniversary of 9/11, which resulted in the death of Americans, a U.S. Ambassador and the tearing down of the U.S. flags, which were replaced with Al Qaeda emblems.
Should this unrest continue to occur across the Middle East, then there may well be a spike in all forms of energy (XLE), especially uranium, which is selling at a fraction from its peak in 2007. If Iran mounts a Middle East counter-offensive and possibly chokes off the Straits of Hormuz, perdition may break loose as all commodities (DBC) especially uranium prices may spike, putting urgent strains on an already weak Western economy."
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