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<blockquote data-quote="bacha29" data-source="post: 2964169" data-attributes="member: 58386"><p>In 2007 uranium was selling for $140 per pound. Now it's going for $25. That is how huge the supply of uranium currently is and most optimistic near term price projections only call for $49. The Germans are saying that they expect nuclear fission technology will be commercially viable by 2055. In the meantime nat gas that once went for $10 a thousand just a few years ago now goes for less than 3 and projections call for 1 billion cubic feet of new gas per day to come onto the market next year with traders talking about prices in the low $2 leaving utilities and the grids grinning like possums. Yes there will continue to be some coal mining done digging out metallurgical coal but in my locale there are few if any new strip mine permit applications being filed because like many other areas in coal country the easiest stripping is long gone.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2964169, member: 58386"] In 2007 uranium was selling for $140 per pound. Now it's going for $25. That is how huge the supply of uranium currently is and most optimistic near term price projections only call for $49. The Germans are saying that they expect nuclear fission technology will be commercially viable by 2055. In the meantime nat gas that once went for $10 a thousand just a few years ago now goes for less than 3 and projections call for 1 billion cubic feet of new gas per day to come onto the market next year with traders talking about prices in the low $2 leaving utilities and the grids grinning like possums. Yes there will continue to be some coal mining done digging out metallurgical coal but in my locale there are few if any new strip mine permit applications being filed because like many other areas in coal country the easiest stripping is long gone. [/QUOTE]
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