On Sat, Nov 16, 2013 at 2:04 PM, Chris de Morsella <cdemorse...@yahoo.com>wrote:
> Perhaps you should read: The End of Cheap Uranium, by Dr Michael Dittmar, > of the Institute of Particle Physics (at CERN), > Dittmar wrote that in 2011, since then despite inflation the price of Uranium has gone down not up. Historically the reason almost all predictions that natural resource X will soon run out have turned out to be wrong is that as X becomes rarer it becomes more expensive and that increases the incentive to look for previously unknown reserves of X. Uranium is 40 times more common than silver (and Thorium is much more common than Uranium). Right now the biggest problem facing the Uranium industry is a glut not a shortage. Today Uranium costs about $36.50 a pound, the lowest price since late 2005. And even with today's inefficient non-breeding reactors one pound of unenriched natural Uranium produces as much energy as 16,000 pounds (8 tons) of coal. That's a lot of energy for just $36.50 and that is why high or low the cost of Uranium is a trivial part of the cost of operating a nuclear power plant. And at any rate I'm much more interested in Thorium than Uranium. John K Clark -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/groups/opt_out.
