| Will we see a dramatic spike in uranium
| |
| | to six Category 3 or higher hurricanes.
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| prices this summer? Some industry
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| | Dr. Gray's team estimates similar
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| insiders have forecast spikes that could
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| | numbers, but places the brunt of the
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| send uranium soaring to between $55 and
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| | storms' impact on the eastern United
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| $100/pound. Most were not expecting this
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| | States.Storms mainly cause panic. It is
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| to occur during 2006. However, there are
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| | the landfall which causes death and
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| several reasons we believe something
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| | destruction. Using Steering Current
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| could crack wide open in the uranium
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| | Predictors, sea surface temperatures, a
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| market over the next 100 days.RUSSIALet's
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| | 52-year statistical hindcast, North
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| take the Russian situation. U.S.
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| | Atlantic and Arctic Oscillations and
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| utilities have been somewhat
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| | other parameters, Dr. Gray forecast in
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| lackadaisical about uranium pricing
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| | his recent report, "The odds of a major
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| because they've been getting Russian
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| | hurricane making landfall along the East
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| uranium on the cheap. Russia's
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| | Coast are more than twice the
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| Rosatom head Sergei Kiriyenko has
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| | climatological average value this year."
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| reportedly told U.S. utilities there will
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| | He forecast a 38-percent probability of a
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| be no HEU-2 deal. Whether this is a ploy
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| | major hurricane hitting land along the
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| to extract a better deal for Russia, or
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| | Gulf Coast this year.The most chilling
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| Russia's announcement it will feed other
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| | comparisons made in the "Extended Range
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| nuclear-ambitious countries with its
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| | Forecast of Hurricane Activity for 2006"
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| uranium is not known.U.S. utilities are
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| | were those which went unremarked by the
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| now lobbying the U.S. Commerce Department
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| | media. Dr. Gray compared Hurricane Season
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| to end the restrictions on importing
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| | 2006 to hurricane seasons in 1961 and
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| enriched Russian uranium. They like the
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| | 2004. Hurricane Carla in 1961 was ranked
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| pricing, and are now arguing that higher
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| | 3rd worst by barometric pressure at
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| uranium prices are jeopardizing the
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| | landfall of all hurricanes entering the
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| nuclear renaissance in the United
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| | Gulf Coast. The 2004 hurricane season
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| States.Because of rising uranium prices,
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| | brought Charley, Frances, Ivan and
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| 85 percent of the utilities, which
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| | Jeanne, which were some of the most
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| operate nuclear facilities, have formed
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| | devastating U.S. hurricanes recorded.
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| AHUG (Ad Hoc Utility Group) to terminate
| |
| | Such scenarios would wreak havoc with
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| the import restriction. If AHUG
| |
| | already strained energy prices, but would
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| accomplished its goal, the loser would be
| |
| | be good for the uranium mining bulls.
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| USEC, which is now arguing on America's
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| | Gray concluded, "We believe that 2006
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| "overdependence" of nuclear fuel. USEC
| |
| | will be a very active season in the
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| depends upon the Russian uranium to fund
| |
| | Atlantic basin." The more active, the
|
| its future enrichment facility program.
| |
| | more likely a dramatic spike in uranium
|
| In a way, this amounts to corporate
| |
| | pricing.NUCLEAR EXPANSION: A WORLDWIDE
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| welfare. USEC is arguing against
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| | PHENOMENONYuri Sokolov, Department Head
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| unlimited Russian uranium.U.S. utilities
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| | of Nuclear Energy for the United Nation's
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| are now being fed about 50 percent of
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| | International Atomic Energy Agency
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| their nuclear fuel from decommissioned
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| | (IAEA), told reporters this past week,
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| Russian warheads. Russia is more than a
| |
| | "There is plenty of uranium assuming the
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| tad upset because the deal they made does
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| | industry keeps moving ahead with
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| not reflect the current spot or long-term
| |
| | exploration and new mines." Sokolov is
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| price of uranium. Something will likely
| |
| | confident the "identified resources" of
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| occur at the G8 Summit in St. Petersburg,
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| | 4.7 million metric tons can be mined for
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| Russia on July 14-17. Russia will chair
| |
| | less than $60/pound. That's about 26
|
| this summit for the first time.Expect
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| | percent higher than the current spot
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| fireworks. On the official G8 website,
| |
| | price. There was also a warning buried in
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| Russian President Putin announced,
| |
| | his speech. He cautioned the major risk
|
| "Russia, as the presiding country,
| |
| | to uranium supplies would come from
|
| regards it as its duty to give a fresh
| |
| | possible delays in moving from discovery
|
| impetus to efforts to find solutions to
| |
| | to production. Industry insiders
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| key international problems in energy,
| |
| | understand it can take between 12 and 20
|
| education and healthcare." It should be
| |
| | years after a discovery to reach the
|
| noted that Russia is now the world's
| |
| | production stage. U.S. utilities may get
|
| second largest oil exporter behind Saudi
| |
| | more aggressive to secure supplies as
|
| Arabia. Russia is also hoping to reach a
| |
| | this year and next pass by. Their supply
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| deal in joining the World Trade
| |
| | deficit for 2008 through 2012 requires a
|
| Organization before the summit opens.We
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| | near miracle to match demand
|
| believe Russia may exacerbate the current
| |
| | requirements.Sokolov also set targets in
|
| tight supply situation in the uranium
| |
| | the IAEA's annual Red Book. Depending
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| markets and cause prices to rise after
| |
| | upon how quickly the nuclear industry
|
| the summit. On June 9th, Russia's news
| |
| | expands, more uranium will be required.
|
| service Novosti reported the country
| |
| | By 2025, if global nuclear capacity
|
| would start constructing two nuclear
| |
| | increases to 22 percent, utilities will
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| power units per year inside Russia
| |
| | need 80,000 metric tons per year. An
|
| beginning in 2007. Kiriyenko also
| |
| | increase to 43 percent would require
|
| announced Russia would ramp up to four or
| |
| | 100,000 metric tons annually. The Red
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| five nuclear reactors for 2009-2010.
| |
| | Book forecast new mines, over the next
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| President Putin plans to build an
| |
| | five years, would add about 30,000 metric
|
| international full-service nuclear fuel
| |
| | tons to the supply inventories. This new
|
| center in Russia to provide enriched
| |
| | capacity would fill the current uranium
|
| uranium for the growing number of
| |
| | supply shortage, unless of course the
|
| countries wanting nuclear energy
| |
| | industry is hit with delays. More new
|
| programs. It would be hardly likely
| |
| | mines would also need to come online to
|
| Russia would provide additional uranium
| |
| | keep pace with the heralded nuclear
|
| to U.S. utilities in that context.TRADE
| |
| | renaissance. Only the most cynical
|
| TECH LLCWhat about going into Russia's G8
| |
| | industry insiders would disagree the
|
| Summit? It appears uranium trading
| |
| | uranium mining sector desperately needs a
|
| through June could continue to show a
| |
| | dramatic surge in production between 2010
|
| very tight supply situation, where
| |
| | and 2020 to match the explosive growth
|
| sellers continue to set pricing. A recent
| |
| | ahead for this sector.SUMMARYNuclear
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| posting on the Trade Tech LLC website
| |
| | energy "hot talk" should also get a boost
|
| announced the following:A number of
| |
| | in August and September, after the North
|
| buyers concluded transactions during May,
| |
| | American release of James Lovelock's "The
|
| which significantly reduced outstanding
| |
| | Revenge of Gaia" (Basic Books). The
|
| demand. The impasse between buyers and
| |
| | 86-year old scientist has led the charge
|
| sellers ended this past month, with
| |
| | among the world's environmentalists to
|
| buyers apparently reconciling their
| |
| | get the greens to go nuclear. The
|
| expectations with recent price increases
| |
| | international media has sought out Dr.
|
| and current offers. Sellers moved
| |
| | Lovelock's opinions. Figure we'll see the
|
| increasingly toward market-related
| |
| | same boost in "pro nuclear" media
|
| pricing terms for spot delivery, and
| |
| | appearances going into the autumn. As the
|
| buyers showed a renewed willingness to
| |
| | author appears on numerous talk shows,
|
| accept these offers. Exceptionally strong
| |
| | the polls should swing more heavily into
|
| long-term demand continues to exert
| |
| | building more nuclear plants. That could
|
| upward pressure on the spot uranium price
| |
| | add further pressure on utilities to
|
| as each pound held by sellers is
| |
| | quickly secure inventory.Russia's desire
|
| considered more valuable with every new
| |
| | for a uranium/nuclear monopoly,
|
| buyer that enters the market. At least
| |
| | hurricanes, tight supplies through the
|
| one, and possibly two, uranium auctions
| |
| | summer and the likelihood of yet another
|
| are expected in June. Buyers are expected
| |
| | energy crisis before Labor Day could
|
| to compete aggressively for this material
| |
| | spell a significant boost in spot uranium
|
| and TradeTech expects uranium prices to
| |
| | pricing. It would not surprise us should
|
| continue their upward climb in
| |
| | spot uranium trade closer to $60/pound
|
| June.Aggressively competing for tight
| |
| | over the next 100 days. Any "shock event"
|
| uranium supplies lends credence to a
| |
| | could spike the spot uranium price above
|
| possible rise through the $50/pound level
| |
| | that level, and possibly make a run for
|
| before the G8 Summit ends.ANOTHER BAD
| |
| | $100/pound uranium.Such a level would be
|
| HURRICANE SEASONUnusually bad weather
| |
| | unsustainable, of course, but it would be
|
| drives up energy prices. This summer's
| |
| | an eye-opener and attract renewed
|
| hurricane season may be the equivalent to
| |
| | interest in the domestic uranium mining
|
| this past winter's European gas
| |
| | sector. The key domestic contenders for
|
| shortages, which came courtesy of the
| |
| | adding new mining capacity in the United
|
| Ukraine/Russian squabbling and a bad
| |
| | States appear to be Strathmore Minerals
|
| European winter. Many countries began
| |
| | (TSX: STM; Other OTC: STHJF), Uranium
|
| expressing interest in a nuclear energy
| |
| | Resources (OTC BB: URRE), Energy Metals
|
| program after that episode. Another
| |
| | (TSX: EMC), UR-Energy (TSX: URE.TO), and
|
| climate event might compel more to head
| |
| | Uranerz Energy (OTC BB: URNZ). There are
|
| for more nuclear.Over the past two
| |
| | others, but we have not followed their
|
| decades, hurricane watchers have learned
| |
| | developments as closely.Should the
|
| to pay attention to Dr. William Gray of
| |
| | Russians absolutely confirm there will be
|
| Colorado State University's Department of
| |
| | no HEU-2 deal, U.S. utilities will be
|
| Atmospheric Science. While based in
| |
| | driven to closely investigate working
|
| hurricane-absent Fort Collins, Colorado,
| |
| | relationships with domestic uranium
|
| his atmospheric studies have proven
| |
| | development companies for reliable
|
| Nostradamus-like prescient over the past
| |
| | nuclear fuel supplies. Itochu has
|
| 22 years. Why are we talking about
| |
| | established a relationship with Uranium
|
| hurricanes? Hurricane announcements tend
| |
| | Resources (UOTC BB: URRE), and we expect
|
| to drive up energy futures. The number of
| |
| | more of these joint ventures to
|
| hurricane days adds pressure to an
| |
| | materialize. As for market
|
| already tight energy market. Hurricanes
| |
| | capitalizations versus
|
| start to show up on an investor's radar
| |
| | pounds-in-the-ground, during the last
|
| during August and remain there through
| |
| | uranium bull market (in the 1970s),
|
| September.Because of anticipated tight
| |
| | utility companies were buying uranium
|
| uranium supplies for June utility buying
| |
| | companies for about $5-6/pound of
|
| and the anticipation of Russian fireworks
| |
| | uranium. Some of our favorite companies,
|
| in mid July, a fitting climax for a
| |
| | which host historically reliable and NI
|
| strong surge in uranium pricing might
| |
| | 43-101 compliant uranium resources over
|
| come along with a major hurricane hitting
| |
| | 100 million pounds, would be severely
|
| the Gulf Coast. Last year's Katrina can
| |
| | undervalued under a parallel
|
| serve as a reminder that climate changes
| |
| | scenario.StockInterview's "Investing in
|
| can impact energy prices, uranium
| |
| | the Great Uranium Bull Market: A
|
| included. Based upon the weather
| |
| | Practical Investor's Guide to Uranium
|
| forecasts, we believe in the high
| |
| | Stocks" debuts its e-Book edition this
|
| probability of an encore to last year's
| |
| | coming weekend. The number of investors
|
| energy shortages.While this year's
| |
| | now following developments in the uranium
|
| hurricane season is not expected to match
| |
| | sector has grown exponentially over the
|
| the devastation of 2005, it still highly
| |
| | past two years. The mad rush for data
|
| rates at 195 percent for a Net Tropical
| |
| | about uranium companies and industry
|
| Cyclone Activity rating. Last year's
| |
| | developments has catapulted this
|
| first tropical storm, Arlene, formed on
| |
| | website's traffic into the top ten
|
| June 9th. This year's Tropical Storm
| |
| | percent of all Internet websites. When
|
| Alberto formed a year and a day later.
| |
| | the print edition arrives in bookstores
|
| Exclude the busiest hurricane season in
| |
| | and libraries, and is offered through
|
| 154 years of storm-tracking, and this
| |
| | book clubs and other allied groups, the
|
| year is expected to rate well above the
| |
| | demand for uranium and interest in the
|
| average hurricane season. The National
| |
| | nuclear fuel cycle should make another
|
| Oceanic and Atmospheric Administration
| |
| | leap forward.James Finch contributes to
|
| (NOAA) estimated up to a total of 16
| |
| | and other publications.
|
| storms, as many as ten hurricanes and up
| |
| |
|
