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« Abenomics Needs Cheap Nuclear Power to Work | Main | We Generate A Quick 12.64% Gain As Gold Grinds Down »
Saturday
Jun012013

Fracked off

I would have thought that the United States needed every bit of energy that it could get it hands on; whether for internal consumption or for export purposes. However, this article in The Economist suggests otherwise:


Thanks to cheap natural gas, America’s nuclear renaissance is on hold

IT IS the sort of thing you would expect to see in China, not in the pine forests of rural Georgia. On the banks of the sluggish Savannah river towers one of the world’s biggest cranes. It is helping build two nuclear reactors, to add to the two already up and running at the Vogtle power plant. It testifies to the mammoth efforts that have been made in recent years to revive America’s nuclear industry—and to the disappointing results.

The half-built reactors at Vogtle are the first new ones to be approved in America since 1979, when a radioactive leak from Three Mile Island, a nuclear plant in Pennsylvania, ruined the industry’s already troubled reputation. A consortium of local utilities is paying for the plant; Westinghouse, a subsidiary of Toshiba, a Japanese conglomerate, designed the reactors and is helping build them. It is one of the biggest infrastructure projects in the country, according to Southern Company, a utility which owns 46% of the new plant.

To read this article in full please click here.

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

 

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

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