re: good article on uranium Market Outlook January 30, 2006by...

re: good article on uranium Market Outlook January 30, 2006
by James Finch

U.S. Playing Catch Up On Nuclear
State of the Union Address: Focus on Nukes


U.S. President George W. Bush plans to promote nuclear energy, as a way of reducing the country’s dependence upon foreign oil, in Tuesday evening’s State of the Union Address. “It’s an energy source that is clean,” White House spokesman, Scott McClellan, told reporters on Friday. “We’ve been talking with a number of countries about how to move forward on expanding nuclear energy to meet our global energy needs.”

Strathmore Minerals (TSX: STM; Other OTC: STHJF) president David Miller told StockInterview’s Market Outlook on Saturday night before leaving for Europe, “The President’s timing for expanding the U.S. nuclear energy program could spurn spot world uranium prices to record highs. World inventories are at a 20-year low with a possible deficit in 2006 of 70 million pounds of uranium oxide. Demand is outstripping supply nearly two to one.”