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<div dir="ltr" data-setdir="false">Uranium is not the only fuel possible for nuclear, especially small nuclear. Thorium should also be looked at. </div><div dir="ltr" data-setdir="false"><br></div><div dir="ltr" data-setdir="false">As for India, yes they are saying they want to expand nuclear power. Yet they are still building coal fired power plants. So is Pakistan. </div><div dir="ltr" data-setdir="false"><br></div><div dir="ltr" data-setdir="false">-- Bob Primak</div><div><br></div>
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On Friday, July 22, 2022 at 11:44:51 AM EDT, Marvin Menzin <mmenzin@icloud.com> wrote:
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<div><div id="yiv8554794960"><div><div dir="ltr"><span style="color:rgb(51, 51, 51);font-family:Sans;font-size:21px;background-color:rgb(255, 255, 255);">On the demand side, there have been several bullish developments. As we discussed in </span><a rel="nofollow noopener noreferrer" target="_blank" href="https://info.gorozen.com/2021-q4-market-commentary-the-distortions-of-cheap-energy" style="color:rgb(120, 80, 110);text-decoration:none;font-family:Sans;font-size:21px;font-weight:bold;">our last letter,</a><span style="color:rgb(51, 51, 51);font-family:Sans;font-size:21px;background-color:rgb(255, 255, 255);"> the European Union officially added nuclear power in its “taxonomy” of green technologies. The designation now allows institutions to invest in uranium and nuclear power without running afoul of any ESG commitments. The implications are huge. Immediately following the announcement, France declared they were embarking on an ambitious nuclear reactor new build program and extending the life of several existing reactors. The UK has committed to a nuclear new build program as well. No analyst had any European new build reactor demand as recently as a year ago and so these announcements serve to further tighten the market going forward.</span><br style="color:rgb(51, 51, 51);font-family:Sans;font-size:21px;"><br style="color:rgb(51, 51, 51);font-family:Sans;font-size:21px;"><span style="color:rgb(51, 51, 51);font-family:Sans;font-size:21px;background-color:rgb(255, 255, 255);">Since China, India, Saudi Arabia, Canada, and now Europe have all embraced nuclear power, we’ve been arguing the US should follow suit. No matter how unfortunate, the US seemed to be going in the wrong direction. But an extremely interesting and positive development has just taken place, suggesting a turn in fortune for the US nuclear power industry might be at hand. Having firmly committed to closing the large Diablo Canyon reactor in California, on April 29th, Governor Newsome abruptly changed course and suggested he would seek to keep Diablo Canyon open with $6 bn in potential federal funding for several capital projects at the reactor. We cannot overstate what a change this represents. Diablo Canyon was the most politically charged and significant energy decision since cancelling of the Keystone XL pipeline. As recently as eight weeks ago, it seemed impossible that Governor Newsome could walk back his commitment to shut down the facility. We are hopeful this is a signal that US can now be added to the list of countries that are once again embracing nuclear power. As we have discussed in </span><a rel="nofollow noopener noreferrer" target="_blank" href="http://gorozen.com/research/commentaries" style="color:rgb(120, 80, 110);text-decoration:none;font-family:Sans;font-size:21px;font-weight:bold;">our past letters</a><span style="color:rgb(51, 51, 51);font-family:Sans;font-size:21px;background-color:rgb(255, 255, 255);">, nuclear power is the key to our energy future. For every unit of energy expended in mining, converting, enriching, and reacting uranium, 100 units of electricity are generated. This EROEI is at least three times better than oil and gas and 20-30 times better than renewables. Furthermore, nuclear power emits no carbon.</span><br>https://blog.gorozen.com/blog/russia-and-the-uranium-fuel-cycle</div><br><br><div dir="ltr">Sent from my iPad</div></div></div>===============================================<br>::The Lexington Computer and Technology Group Mailing List::<br>Reply goes to sender only; Reply All to send to list.<br>Send to the list: <a ymailto="mailto:LCTG@lists.toku.us" href="mailto:LCTG@lists.toku.us">LCTG@lists.toku.us</a> Message archives: <a href="http://lists.toku.us/private.cgi/lctg-toku.us" target="_blank">http://lists.toku.us/private.cgi/lctg-toku.us</a><br>To subscribe: email <a ymailto="mailto:lctg-subscribe@toku.us" href="mailto:lctg-subscribe@toku.us">lctg-subscribe@toku.us</a> To unsubscribe: email <a ymailto="mailto:lctg-unsubscribe@toku.us" href="mailto:lctg-unsubscribe@toku.us">lctg-unsubscribe@toku.us</a><br>Future and Past meeting information: <a href="http://LCTG.toku.us" target="_blank">http://LCTG.toku.us</a><br>List information: <a href="http://lists.toku.us/listinfo.cgi/lctg-toku.us" target="_blank">http://lists.toku.us/listinfo.cgi/lctg-toku.us</a><br>This message was sent to <a ymailto="mailto:bobprimak@yahoo.com." href="mailto:bobprimak@yahoo.com.">bobprimak@yahoo.com.</a><br>Set your list options: <a href="http://lists.toku.us/options.cgi/lctg-toku.us/bobprimak@yahoo.com" target="_blank">http://lists.toku.us/options.cgi/lctg-toku.us/bobprimak@yahoo.com</a></div>
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