uranium and oil: extreme necessities, page-5

I Am Posting In Referrence to Stolwyks Post #189320.

**** URANIUM & OIL****

Both are needed and complement each other: Uranium can take on the base loads while oil drives a host of activities, one is transport, be it by plane, ship or car.

Suggesting that ethanol will reduce the demand for oil overlooks the fact that it has'nt got the power of petrol. As more is produced, the discovery of meaningful oilfields becomes less and less while current inventory numbers are highly suspect, considering that the big fields have seen the best and are producing less.

But investors are often tuned to the moment and the seemingly endless supply of oil. They won't act unless with their backs against the wall.

The same applies to Uranium as well, IMHO. Reference was made to the 'important' coming up sale of some 200 tonnes by the US Government. That amounts to only 440,000 lbs within a total demand of some 160 mill lbs.


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Question.
What Impact Will The Current U.S. Governments Sale Of 440,000 p/lbs Have On The Current Uranium Market.
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Answer.
440,000 p/lbs Only Amounts to *** 0.275% Of World Demand, Absolutely Laughable.
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Cheers :)
Bring On Monday "URANIUM BULL" * LONGS * WILL BE CLEANING UP