Sunday, May 14, 2017

Energy Secretary Rick Perry touts nuclear power

US News:

U.S. Energy Secretary Rick Perry on Wednesday vowed to advocate for nuclear power as the nation looks for ways to fuel its economy and limit the effects of electricity generation on the environment.

(snip)

"If you really care about this environment that we live in — and I think the vast majority of the people in the country and the world do — then you need to be a supporter of this amazingly clean, resilient, safe, reliable source of energy," Perry said during a news conference.

Nuclear power is growing all over the world. The price of uranium is selling far below the cost to mine it. When we can buy an asset that is essential to the world at a price below it production cost it is just a matter of time until the price recovers.

As billionaire Rick Rule says about uranium, "Either the price goes up or the lights go out." the longer the price stays depressed the bigger the rally once it gets going.

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