Uranium’s Upside Just Got Much Bigger

HoweStreet.com reports on the long term trend of nuclear energy and uranium.

According to the U.S. Energy Information Administration (EIA), total world energy consumption is projected to increase 44% by 2030. Despite haunting memories of Chernobyl and Three Mile Island, nuclear is increasingly being seen as the lesser of evils.

Even Patrick Moore, the co-founder of Greenpeace, is coming around. In a recent statement, he said, “Nuclear energy is a key technology for the future and [there] should be a resurgence of this technology happening now.” And guess what? There is.

In February, President Obama announced that the federal government will provide $8.33 billion in loan guarantees for a pair of nuclear reactors to be built in Georgia. The first in 30 years. It’s not enough but it’s a start.

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