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None of this implies that all environmentalists are bad people. However, you should be aware of the philosophies which have influenced the modern-day environmental movement and from whence they came. Over many long and philosophical telephone conversations with uranium insiders, we discovered many were more environmentally motivated than the radical rabble rousers living in urban DC, San Francisco or Santa Fe, New Mexico. Take for example Craig Bartels, president of HRI, a wholly owned subsidiary of Uranium Resources Inc. (OTC BB: UREE). He admitted he and his wife were both card-carrying environmentalists. He refused to become involved with the coal mining industry and admired the low-impact footprint of the environmentally friendly In Situ Recovery (ISR) method of uranium mining. This method is so low impact that many industry insiders believe it is not uranium mining. Instead, they refer to ISR facilities as ‘water treatment plants.’
One benefit the radical environmentalist movement unintentionally brings to the uranium mining industry, and something we look forward to nearly every week, is the rising spot uranium price. As environmentalists pester uranium mining companies, they slow down the exploration, development and mining process. This helps create a perceived scarcity of available uranium for U.S. utilities and spot prices rise.
And rising uranium prices attract a greater number of uranium exploration and development companies. This number has increased by 1000 percent over the past 36 months. This could lead to higher uranium prices, more mining companies and more production centers. Eventually, this provides more sources of uranium to power the world’s nuclear reactors. Now, how is this bad?
As we discovered with Gunter Grass’s sixty-year old skeleton-in-his-closet, the leftist-leaning, smug, “intellectual,” and totalitarian-minded anti-nuclear personality might not have the best quality of life in mind for us ordinary folks.
James Finch contributes to StockInterview.com and other publications. Visit http://www.stockinterview.com to download your free copy of “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.” You can always write to James Finch at jfinch@stockinterview.com |
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