His bigger concern in his recent issue: Do recent setbacks mean...

His bigger concern in his recent issue: Do recent setbacks mean that the uranium boom is bursting?
Dines' answer is a typically emphatic no. He wrote: "The majority cannot believe the age of oil is ending, so they don't see it. Nothing new there. But crude oil (which had just reached a new high) will drag the whole energy sector higher in its message from the marketplace. Brazil's pilots and air-traffic controllers for years have warned about the short and slippery runway at Congonhas airport in Sao Paolo, but the latest crash and deaths of nearly 200 people finally got the airport closed - warnings don't seem to work anywhere these days."
Dines is searingly contemptuous about the notion that corn-based ethanol might be a solution, and in fact is anything more than a political racket: "We have not the slightest doubt that, while renewables will make a minor contribution, serious energy usage will have to be nuclear power splitting water to produce pure hydrogen and oxygen that will produce carbon-free energy, and it is only a question of how stubborn humanity will be in its belief systems."
Dines did offer an interesting caveat: "There could be a crash in the price of uranium, perhaps instigated by the American government dumping its holdings on the market as it conspires with nuclear-plant operators to lower the cost of electricity for the public and thus gain votes. That might well be what is happening right now ... the American government has announced the sale of 520,000 pounds of U3O8."
But he added: "We doubt that this cause of uranium weakness will last much longer. How come? Because we have witnessed government's central banks dumping their gold and silver holdings in the past, yet those precious metals kept moving up, so we are skeptical that America has enough uranium to seriously "break" its bull market."
Dines said he envisaged "A broad trading range ensuing as markets attempted to balance buyers and sellers."
The idea that the authorities are manipulating markets seems to be increasingly discussed