RE:RE:Going Under $3?It is not cheap oil that is important my friend...it is cheap gas and to some extent cheap coal. Not many oil fired power plants around these days but combined cycle gas plants are a real threat to new nuclear. However, as noted here before once you have built a nuclear plant you cannot run it on anything else so demand is locked in for 40 years. The commodity is so beaten up and unloved that it is all but certain that the stage is set for a huge price escalation. I don't think cheap oil and gas is going to change the plans of the Chinese or the Russians with respect to nuclear plants.Another 8 new construction starts this year in China and 60 being built right now. They all need Uranium. Just wait and be patient and buy more when prices are low.
Malcolm