I've found a Quote to back up my previous Posting here,however my thoughts re the reason for the Push down of Uranium stocks earlier today remain.
Quote:-/
Energy Industry Stocking Stuffers posted by Darren Gersh, Washington Bureau Chief at 5:50 PM on 12/17/07
Photo of Darren GershCongress is about to leave town for the holidays, and that always means someone's stocking will get stuffed before the final gavel comes down.
This year, I have to say, I was surprised to see that renewable fuels were left out of the last-minute goodie grab. You would have thought that Democrats would be ladling out the green to green companies. Not really. Tax breaks for solar and wind power fell out of the energy bill. And now, in a last-minute maneuver, a bipartisan group of lawmakers have inserted into a massive spending bill new loan guarantees for next-generation nuclear and coal plants. In fact, nuclear and coal get three times the loan guarantees -- about $20 billion -- that renewables get.
This is a powerful sign to investors that nuclear has powerful support in Washington. Maybe that's why S&P is now tracking nuclear power with a new index: S&P Global Nuclear Energy.
Van Eck has even created a new ETF: Van Eck Nuclear Energy ETF.
The President strongly backed nuclear energy in his speech in Virginia today. Not a bad way for the industry to start its holiday./End quote
No responsibility taken for any losses in association with this Posting.
Regards,
moly
THR Price at posting:
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