Article on Seeking Alpha:
A potential "sector rotation" is just one reason why uranium and nuclear energy stocks could be poised for a solar-like stock rally. The solar sector has shown how far stocks can run when money inflows flood into a beaten-down industry. Due to increased demand and reduced supplies, some analysts believe uranium prices will rise significantly from about $40 per pound to around $85 in 2014, which could create major upside in this sector. Let's take a look at a couple of charts and uranium stocks which indicate that this sector appears to be "simmering" now and possibly poised for a much larger "break-out" rally:
Cameco Corp., (CCJ) is a leading uranium producer. As the chart above shows, this stock seems to be starting to "break-out." Cameco shares bottomed out in October at around $17.50 and have now advanced above the 50-day moving average of $18.70 and even the 200-day moving average of $19.92.
UR-Energy Inc. (URG) is a uranium company based in Colorado. It has interests in a number of projects in the U.S. and in Canada. Its main project is called "Lost Creek" and it has landholdings comprised of about 98,000 acres in the U.S. and around 140,000 acres in Canada. This stock has recently started to show some signs of life.
Although CO2 is considered a "greenhouse gas" that contributes to climate change, if the Energy Department (DOE) finds partners to capitalize on the research of one of its laboratories, someday cars might run on sunshine. Technically, cars would run on the product of sunlight, CO2, and water using a "two-step solar thermochemical cycle" developed by the Albuquerque, New Mexico government lab. The DOE posted the special notice seeking interested companies on the Federal Business Opportunities website on Tuesday:
Sandia National Laboratories (Sandia) is conducting ongoing research and development into solar fuels, the conversion of sunlight, CO2, and H2O into high energy density, gasoline, diesel, and jet fuel pre-cursors...
Sandia is seeking a company or companies interested in this unique opportunity which will lead to the demonstration and deployment of this technology.
Researchers have been working on this idea for some time, according to a 2007 press release from the Sandia lab. At that time, one of the researchers speculated that although a prototype of a device to carry out the chemical process was already under development, it was "a good 15 to 20 years away from being on the market."
The special notice released this week did not contain a timetable, but did note that companies interested in the project "must have a significant interest in developing this technology to the demonstration and deployment stage."
Note: USEC should volunteer to do this at the Paducah Plant. A win-win solution!
Well put and I would add that Mr Gore made millions selling "carbon credits" and if you had invested in these eight years ago their value has decreased by ninety percent.
Critics of hydraulic fracturing no longer limit their complaints to alleged damage to air and water quality. They are now claiming that fracking causes bigger problems: sexually transmitted diseases, prostitution, hard drug use and sex crimes.
Each of these claims is hotly contested by the energy industry.
“While critics accuse frackers of fouling air, drinking water, and farmland with swamp gas and carcinogens; prostitution, methamphetamine, and sexual crime have stalked drilling operations,” reports Vice magazine.
“Violence against women in fracking boomtowns in North Dakota and Montana has increased so sharply that the Department of Justice (DoJ) announced in June that it plans to spend half a million dollars investigating the correlation,” Vice reports.
Vice’s Peter Rugh sites a study by the environmental group Food and Water Watch — which wants to ban fracking — claiming that cases of gonorrhea and chlamydia have shot up 32.4 percent in Pennsylvania counties where fracking operations take place.
“We’ve found that fracking brought a host of social costs to communities where drilling has begun,” said Emily Wurth of Food and Water Watch. “These are the real costs of fracking that are never discussed.”
Vice also reports that the use of meth is on the rise in fracking boom areas.
“In rural Colorado, where well pads have risen like pustules upon the jagged landscape, crimes tied to the narcotic have skyrocketed to double the national average,” Vice reports, citing an NPR article from 2007.
However, the Food and Water Watch study came under fire for its failure to control for STD increases in the fracked areas.
“Without controlling for the population, it could be that the percentage of these cases, while increasing, is increasing at a smaller rate than the population of young people!” Matthew Rousu, an economics professor at Susquehanna University noted. “It could be that fracked counties actually have a lower STD rate".
In January, EPA critics and officials in Virginia scored a key victory in their legal battle with the agency over its attempt to regulate stormwater runoff that some described as a land takeover.
In the Virginia case, a federal judge ruled in favor of the state Department of Transportation and the Fairfax County Board of Supervisors, which challenged EPA's restrictions on the flow of stormwater into a Fairfax County creek.
U.S. District Judge Liam O'Grady in Alexandria agreed with Attorney General Ken Cuccinelli, who argued that the EPA was trying to regulate water itself as a pollutant. In his ruling, O'Grady said: "Stormwater runoff is not a pollutant, so EPA is not authorized to regulate it."
The EPA contended that water itself can be regulated as a pollutant if there's too much of it. The agency says heavy runoff is having a negative impact on Accotink Creek and that it has the regulatory authority to remedy the situation.
Hot Air's Erika Johnsen writes, "The EPA has been heretofore undeterred in continually raising the requirements, but I suppose it must be getting harder to ignore that nobody but nobody except agribusiness and their associated Big Ethanol lobbyists are fans of ethanol -- not oil companies, not environmentalists (and how often do those two groups unite?!), and certainly not American consumers paying higher food and gasoline prices as a consequence."
About those Big Ethanol lobbyists: They're not going to go quietly. The EPA reassured them that nothing is final and it's only a "draft proposal." But Tom Buis, CEO of Growth Energy, called for "an immediate investigation by the Justice Department and the Commodity Futures Trading Commission to determine if this was an attempt to manipulate markets such as corn futures, ethanol futures and/or RINS markets." In other words, despite all the damage ethanol does to engines and food markets, the ethanol lobby isn't about to let their sweet deal run out of gas.