Gold Stock Bull

We profiled one of our favorite alternative energy plays, Nova Biosource Fules (NVBF.OB) back in September of 2006. Check out Riding the Biodiesel Boom with Nova if you haven’t already. Admittedly, it is a speculative play that declined shortly after our review and has been trading sideways around $2.50 ever since.

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There are 441 operational nuclear power reactors around the world today, with the IAEA reporting that 130 new nuclear power plants are either being built or are in the planning stages. These are conservative estimates, with the actual number of new plants likely to be much higher.

Supply & Demand
China plans to build two new nuclear reactors every year for the next 14 years, which would more than triple their annual uranium demand from 3 million pounds currently to over 10 million pounds by 2010. India has also stated its intention to ramp up nuclear capacity, which will double their demand for uranium from 1 million pounds currently to 2 million pounds in 2010 and 4 million pounds by 2020.

We can also add Russia and the United States to the list of countries committed to nuclear energy and needing to secure massive amounts of uranium to keep up with increasing energy demands.

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A lump of coal should be on everyone’s Christmas list this year.

Whether you subscribe to the theory that we have reached “Peak Oil” or not, one thing should be clear: demand for oil is increasing rapidly, while supplies are stagnant to declining. A quick jump back to Economics 101 should help to validate this prognosis. An increase in demand without an equal increase in supply creates higher prices. The price for a barrel of oil has more than doubled over the past two years and has since been stubbornly holding around the $60 mark. We will surely see the price drop into the $50’s and quick dips into the $40’s aren’t unfathomable. However, the days of oil at $30 are well behind us.

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