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Friday, July 08, 2016

Uranium and Fort McMurray fire, could it be espionage

By Anita in Canada

There were reports when the Fort McMurray fire started that it might have been intentional. I'm sure 99% of us ignored this. After reading this, one has to wonder if there might have been some truth to this.

So it’s the Athabasca Basin that will be ground zero in the nuclear energy rebound.

Some even call the Athabasca Basin the “Persian Gulf of uranium”. It not only contains some of the highest-grade uranium in the world, it is also home to two of the top seven deposits in terms of metal content. The basin has a well developed power, transport and processing infrastructure, too, which makes it all the more attractive for miners and mining investors.

Athabasca will be one of the places to watch in the coming years as the uranium market swings from a glut into a deficit. The glut was caused by the sharp drop in demand following the Fukushima events in 2011. Now the pendulum is moving back, with a deficit in the making as uranium miners curbed exploration and production due to falling prices.

Back in 2012, Bill Gates noted that “When you have fission, you have a million times more energy than when you burn hydrocarbons. That’s a nice advantage to have.”

Today, it’s getting increasingly clear that it’s more than “nice”. Nuclear power is unique among zero-carbon energy sources: its production is consistent as it doesn’t depend on sunlight or wind. This, coupled with affordability and safety—whatever environmental extremists say—makes nuclear energy an indispensable element of the global renewable energy mix for the future.

It also suggests uranium is more than likely to take the center stage it deserves as fossil fuels relinquish the spotlight.

The Athabasca basin will be in the undeniable spotlight sooner than you might think in what will be a boon for major Northern American operators as well as juniors, such as Zadar Ventures.

-- Political Pistachio Conservative News and Commentary

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