China's demand for uranium ', global growth in demand for electricity to drive higher uranium price
Industry expert, says all new production already discounted in the price of uranium " we are consuming more uranium than we are producing worldwide ", said David Miller, the Wyoming legislature and recently appointed President of Strathmore Resources (TSX-V: STM; OTC: STHJF.PK). " all new production is already taken into account in the future market of uranium '. We are ' under water at this time without building a nuclear power. " nuclear reactor requirements far exceeded the current producing mines in the last two decades. Current world production is over 80 million pounds, but the demand for uranium, which feeds the nuclear reactors, is running an annual deficit of about 60 million pounds.
Electricity: supply and demand Problem of uranium
" we're not going to run out of uranium, but where will the price go to encourage the production of new? " asked David Miller. " there are approximately over $ 33/pound now. Could double again? It wouldn't surprise me at all. " Kevin Bambrough, research analyst for Sprott Asset Management, heart d ' agreement with Mr. Miller, saying " We just started a long time uranium bull market that will end in a ' mania ' ' uranium as services and prices of uranium to lead ' incredible as they compete to secure supplies ".
This engine requires more electricity. Over the past 25 years, the total energy consumption of the world expanded by nearly 50 percent, with higher growth in ' using electricity. Demand for electricity is increasing much more rapidly than overall energy use. The demand for electricity has been designed to grow 2.8 percent to ' year until 2010, and substantially more between then and the 2020. About 2 billion people currently lack access to electricity, and with the United Nations forecasts of growth of world population of 1.5 billion people in 2020, electricity demand will continue to grow.
As an interim solution to the problem of greenhouse gases and climate change, a growing number of countries are studying the ' nuclear power to solve their cargo to a growing demand for electricity. Currently, c ' is great how much electricity generated by nuclear power, as was provided from all sources worldwide in 1960. icity. Over the past 25 years, the total energy consumption of the world expanded by nearly 50 percent, with higher growth in ' using electricity. Demand for electricity is increasing much more rapidly than overall energy use. The demand for electricity has been designed to grow 2.8 percent to ' year until 2010, and substantially more between then and the 2020. About 2 billion people currently lack access to electricity, and with the United Nations forecasts of growth of world population of 1.5 billion people in 2020, electricity demand will continue to grow.
As an interim solution to the problem of greenhouse gases and climate change, a growing number of countries are studying the ' nuclear power to solve their cargo to a growing demand for electricity. Currently, c ' is great how much electricity generated by nuclear power, as was provided from all sources worldwide in 1960.
The ' nuclear energy produces more than 16 percent of worldwide electricity ', almost 24 per cent of OECD and 34 per cent of the needs of European Union ' of electricity. In an April 2005 speech to the National Conference on small business in Washington, President Bush announced, " L ' nuclear energy today provides about 20 percent of American electricity ', without the ' air pollution and greenhouse gas emissions. The ' nuclear power is one of the safest, cleanest sources of power in the world, and we need more of here in America ".
Electricity demand is expected to impact other raw and not just the price of uranium '. In the annual Energy Outlook of ' Energy Information Agency of 2005, the electricity demand of the United States will lead to an increase in consumption of natural gas. By 2025, the sector of electricity will ' 31 per cent of the total demand of natural gas, as consumption increases from 5.0 trillion cubic feet in 2003-9400000000000 cubic meters in 2025.
The question of China may be higher than expected
Today, 441 nuclear reactors in 31 countries provide more than 16 percent of worldwide electricity '. In 2003, which was 2525 billion kilowatt hours. Eleven countries are building thirty more reactors, especially in China, but also in Russia, Japan and Korea. The International Agency ' ' Atomic Energy has designed at least 60 new plants will be built over the next 15 years. By 2020, l ' nuclear energy's share of electricity production will increase to 17 percent. wer generates over 16 per cent of world electricity ', almost 24 per cent of OECD and 34 per cent of the needs of European Union ' of electricity. In an April 2005 speech to the National Conference on small business in Washington, President Bush announced, " L ' nuclear energy today provides about 20 percent of American electricity ', without the ' air pollution and greenhouse gas emissions. The ' nuclear power is one of the safest, cleanest sources of power in the world, and we need more of here in America ".
Electricity demand is expected to impact other raw and not just the price of uranium '. In the annual Energy Outlook of ' Energy Information Agency of 2005, the electricity demand of the United States will lead to an increase in consumption of natural gas. By 2025, the sector of electricity will ' 31 per cent of the total demand of natural gas, as consumption increases from 5.0 trillion cubic feet in 2003-9400000000000 cubic meters in 2025.
The question of China may be higher than expected
Today, 441 nuclear reactors in 31 countries provide more than 16 percent of worldwide electricity '. In 2003, which was 2525 billion kilowatt hours. Eleven countries are building thirty more reactors, especially in China, but also in Russia, Japan and Korea. The International Agency ' ' Atomic Energy has designed at least 60 new plants will be built over the next 15 years. By 2020, l ' nuclear energy's share of electricity production will increase to 17 percent.
" China is the future wild card ", said Miller. " their current uranium demand is lowercase. They have a small nuclear industry. May have three or four thousand megawatts of capacity. Their demand for uranium is about 4 or 5 million pounds at ' year. Meet internally and by their own deposits of uranium. But what they are planning for nuclear energy is probably the most aggressive program in the world. I visited China in 2003 to teach ISL (in-situ leaching) geology of the ' uranium ISL extraction techniques and a couple of institutes. At that time, there was talk of building two new nuclear power plants at ' year for the next 20 years ".
But, as Miller noted, which may have more ambitious plans. Added: " since then, I've heard of the most aggressive programs. An article I read recently was titled, Let 1000 Reactors Bloom. That is more than 200 percent of the nuclear reactors that now we have on Earth. I believe that is what the Chinese will do over the next 40-. 50 years, the conversion of almost 100 percent of their electricity generation by nuclear " currently, China is generating less than three percent of their electricity from nuclear energy. or pollution or greenhouse gas emissions. The ' nuclear power is one of the safest, cleanest sources of power in the world, and we need more of here in America ".
Electricity demand is expected to impact other raw and not just the price of uranium '. In the annual Energy Outlook of ' Energy Information Agency of 2005, the electricity demand of the United States will lead to an increase in consumption of natural gas. By 2025, the sector of electricity will ' 31 per cent of the total demand of natural gas, as consumption increases from 5.0 trillion cubic feet in 2003-9400000000000 cubic meters in 2025.
The question of China may be higher than expected
Today, 441 nuclear reactors in 31 countries provide more than 16 percent of worldwide electricity '. In 2003, which was 2525 billion kilowatt hours. Eleven countries are building thirty more reactors, especially in China, but also in Russia, Japan and Korea. The International Agency ' ' Atomic Energy has designed at least 60 new plants will be built over the next 15 years. By 2020, l ' nuclear energy's share of electricity production will increase to 17 percent.
" China is the future wild card ", said Miller. " their current uranium demand is lowercase. They have a small nuclear industry. May have three or four thousand megawatts of capacity. Their demand for uranium is about 4 or 5 million pounds at ' year. Meet internally and by their own deposits of uranium. But what they are planning for nuclear energy is probably the most aggressive program in the world. I visited China in 2003 to teach ISL (in-situ leaching) geology of the ' uranium ISL extraction techniques and a couple of institutes. At that time, there was talk of building two new nuclear power plants at ' year for the next 20 years ".
But, as Miller noted, which may have more ambitious plans. Added: " since then, I've heard of the most aggressive programs. An article I read recently was titled, Let 1000 Reactors Bloom. That is more than 200 percent of the nuclear reactors that now we have on Earth. I believe that is what the Chinese will do over the next 40-. 50 years, the conversion of almost 100 percent of their electricity generation by nuclear " currently, China is generating less than three percent of their electricity from nuclear energy. wer generates over 16 per cent of world electricity ', almost 24 per cent of OECD and 34 per cent of the needs of European Union ' of electricity. In an April 2005 speech to the National Conference on small business in Washington, President Bush announced, " L ' nuclear energy today provides about 20 percent of American electricity ', without the ' air pollution and greenhouse gas emissions. The ' nuclear power is one of the safest, cleanest sources of power in the world, and we need more of here in America ".
Electricity demand is expected to impact other raw and not just the price of uranium '. In the annual Energy Outlook of ' Energy Information Agency of 2005, the electricity demand of the United States will lead to an increase in consumption of natural gas. By 2025, the sector of electricity will ' 31 per cent of the total demand of natural gas, as consumption increases from 5.0 trillion cubic feet in 2003-9400000000000 cubic meters in 2025.
The question of China may be higher than expected
Today, 441 nuclear reactors in 31 countries provide more than 16 percent of worldwide electricity '. In 2003, which was 2525 billion kilowatt hours. Eleven countries are building thirty more reactors, especially in China, but also in Russia, Japan and Korea. The International Agency ' ' Atomic Energy has designed at least 60 new plants will be built over the next 15 years. By 2020, l ' nuclear energy's share of electricity production will increase to 17 percent.
" China is the future wild card ", said Miller. " their current uranium demand is lowercase. They have a small nuclear industry. May have three or four thousand megawatts of capacity. Their demand for uranium is about 4 or 5 million pounds at ' year. Meet internally and by their own deposits of uranium. But what they are planning for nuclear energy is probably the most aggressive program in the world. I visited China in 2003 to teach ISL (in-situ leaching) geology of the ' uranium ISL extraction techniques and a couple of institutes. At that time, there was talk of building two new nuclear power plants at ' year for the next 20 years ".
But, as Miller noted, which may have more ambitious plans. Added: " since then, I've heard of the most aggressive programs. An article I read recently was titled, Let 1000 Reactors Bloom. That is more than 200 percent of the nuclear reactors that now we have on Earth. I believe that is what the Chinese will do over the next 40-. 50 years, the conversion of almost 100 percent of their electricity generation by nuclear " currently, China is generating less than three percent of their electricity from nuclear energy. or pollution or greenhouse gas emissions. The ' nuclear power is one of the safest, cleanest sources of power in the world, and we need more of here in America ".
Electricity demand is expected to impact other raw and not just the price of uranium '. In the annual Energy Outlook of ' Energy Information Agency of 2005, the electricity demand of the United States will lead to an increase in consumption of natural gas. By 2025, the sector of electricity will ' 31 per cent of the total demand of natural gas, as consumption increases from 5.0 trillion cubic feet in 2003-9400000000000 cubic meters in 2025.
The question of China may be higher than expected
Today, 441 nuclear reactors in 31 countries provide more than 16 percent of worldwide electricity '. In 2003, which was 2525 billion kilowatt hours. Eleven countries are building thirty more reactors, especially in China, but also in Russia, Japan and Korea. The International Agency ' ' Atomic Energy has designed at least 60 new plants will be built over the next 15 years. By 2020, l ' nuclear energy's share of electricity production will increase to 17 percent.
" China is the future wild card ", said Miller. " their current uranium demand is lowercase. They have a small nuclear industry. May have three or four thousand megawatts of capacity. Their demand for uranium is about 4 or 5 million pounds at ' year. Meet internally and by their own deposits of uranium. But what they are planning for nuclear energy is probably the most aggressive program in the world. I visited China in 2003 to teach ISL (in-situ leaching) geology of the ' uranium ISL extraction techniques and a couple of institutes. At that time, there was talk of building two new nuclear power plants at ' year for the next 20 years ".
But, as Miller noted, which may have more ambitious plans. Added: " since then, I've heard of the most aggressive programs. An article I read recently was titled, Let 1000 Reactors Bloom. That is more than 200 percent of the nuclear reactors that now we have on Earth. I believe that is what the Chinese will do over the next 40-. 50 years, the conversion of almost 100 percent of their electricity generation by nuclear " currently, China is generating less than three percent of their electricity from nuclear energy.