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Message: oil continues to climb.... good for uranium?

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oil continues to climb.... good for uranium?

posted on May 28, 08 07:21AM

To my way of thinking, as the world price of oil continues to climb (around $130/bbl), I would think this has to bode well for uranium. As gas/oil/fossil fuels becomes more expensive, people will have to look at alternative sources of energy... ie electricity. For instance if the world should go to electric cars, then how do you think all of this excess demand for electricity will be met? The need for nuclear plants has never been greater and thus the need for uranium. Unfortunately, it is a long term story and you have to show patience and weather the short term dips. imho.

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