PEN 2.33% 8.4¢ peninsula energy limited

penchant for the pen chart, page-119

  1. 1,684 Posts.
    Hey guys,

    Got this from the uranium thread,

    This is definately the sort of news us Pen holders are wanting to hear. Not that Pen will be so reliant on the US market, but moreso that when the Obama government give the nod for new nuclear(which is clearly looking like happening), its going to be a tidal wave IMO. An America's biggest uranium producing state Wyoming and it's uranium miners are going to benefit big time.

    I wouldn't even be suprised to see the US government change the laws so as they can secure all home grown uranium for themselves. (That in itself, will be something for us Pen holders to look forward too.)

    Anyway here's the article

    ---------------------------------------------

    Obama's Science Advisor Urges U.S. To Increase Nuclear Capacity
    AAAS S&T Forum Keynote Address: Obama's Science Advisor Discusses Energy Policy

    - By Linton Levy -

    America must become "a leader in the world" and "not a laggard" in addressing global climate change, U.S. science advisor John P. Holdren said during the 34th Annual AAAS Forum on Science and Technology Policy.

    Attention must be paid to conventional energy sources such as safer, next-generation nuclear energy, he said. "We are still living in a world that's about 80% dependent on fossil fuels; [in] the United States, more than 85% dependent," Holdren said. "That's not going to change overnight, so we can't just say [that] we're going to go immediately, all the way, to unconventional renewables. We have no way to do that. We have to fix in various ways the conventional options that we're using, as well."

    Holdren, assistant to the president for science and technology and director of the Office of Science and Technology Policy, said that "the voices of the climate science community are being heard." He noted, however, that "the biggest challenge is the policy challenge."

    "Without energy there is no economy; without climate, there is no environment; and without economy and environment, there's no well-being," Holdren said during his keynote address. "So we had better figure out how to get this right."

    In opening his S&T Forum address, Holdren described his new responsibilities and the role of the OSTP. Specifically, he explained, the U.S. science advisor provides independent, objective advice to the president and the vice president; and he helps to coordinate analysis and recommendations related to S&T policy, in concert with a wide range of relevant agencies. The president's S&T advisor serves as a senior member of the White House staff, and as a Senate-confirmed director of the OSTP, along with four Senate-confirmed associate directors—encompassing science, technology, environment, and national security and international affairs. Holdren also heads up the President's Council of Advisors on Science and Technology (PCAST), along with renowned scientists Eric Lander and Harold Varmus.

    The AAAS Forum on Science and Technology Policy is regarded as the premier event of its kind in the United States, focusing on federal budget and R&D issues; public- and private-sector research; education; innovation; and other high-profile domestic and international S&T issues. The 34th annual Forum, held just a few blocks from the White House, attracted nearly 600 policymakers from government, education, industry, and other fields, plus more than two dozen journalists.

    "I think you'll see a multi-phased set of impacts," Holdren explained, "where the largest impacts in the short term will come from efforts to improve end-use efficiency—more efficient buildings, more efficient cars, more efficient manufacturing processes, and so on, and you'll see the alternative energy supplies coming in somewhat more slowly, but ultimately growing to a very large level."

    Fulfilling Obama's ambitious goals for science and technology "is going to be hard" in the current economy, and it will require close cooperation between the administration and Congress, Holdren remarked.

    Obama earlier this week pledged to invest 3% of the nation's gross domestic product (GDP) in research and development, up from 2.66% today. The president's goal, Holdren said, was to "surpass the level that [such investment] had reached at the height of the space race in 1964, when it was about 2.9% of the country's GDP."

    "Science and technology is clearly back in the United States," Holdren said.


    -------------------------------------



    Cheers NK
 
watchlist Created with Sketch. Add PEN (ASX) to my watchlist
(20min delay)
Last
8.4¢
Change
-0.002(2.33%)
Mkt cap ! $267.7M
Open High Low Value Volume
8.5¢ 8.7¢ 8.3¢ $804.4K 9.535M

Buyers (Bids)

No. Vol. Price($)
8 870212 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 64857 2
View Market Depth
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
PEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.