The big question now being asked by investors, institutions, uranium speculators, fuel brokers, uranium miners, industry consultants and utilities is ‘How high will the price of uranium reach during 2007′ Growth in the uranium sector continues to depend upon ever more convincing confirmatory evidence of global warming, caused by excessive fossil fuel use, in order to accelerate broad public demand for the expansion of nuclear energy as a replacement source for electricity.
In that context, it was a fitting end to 2006 when Associated Press reported the Ayles Ice Shelf had broken away from Ellesmere Island in Canada’s northernmost shore, where polar bears are reportedly drowning from the lack of ice to rest upon. This 41-square mile block was one of six remaining ice shelves in Canada’s Arctic, some 800 miles from the North Pole. To put this into perspective, the ice chunk was larger than New York City’s Manhattan Island – about the size of 11,000 football fields. By next summer, oil and gas drillers may find the ice shelf interrupting their production and explorations; shippers may need to re-route to avoid collisions.
