uranium price bottoming out

With oil hitting us$130 plus the energy question is seriously back on the table. The speculators who have been selling Uranium over the last 12-18 months have probably cleaned out their positions. But the real problem has been the fact that IEA said in 2007 that Coal was the way forward due to easy access and supply and disribution. A lot of this was also based on clean coal technology and it is now emerging thst this is not quite the panacea that it purports to be. Clean coal supporters are starting to realise that there are a lot of unresolved issues with this technology. SO EXPECT THE INTEREST IN URANIUM TO START EMERGING AGAIN.

Also with Carbon tax issues drawing closer this will also be a factor to support Uranium. Remember the carbon tax issues are not only in Australia but world wide. In fact if coal was not so important to Australia and the Coal Unionns so strong the resistance to uranium would be a lot less.