Cash In On Asias Fission Mission.
Without doubt, crude oil is considered the number one energy source on earth
. Its numerous derivatives power everything from automobiles to houses and are used to produce everything from bitumen for our roads to make-up for our faces. We have all grown used to the fact that resources of crude oil are dwindling and our governments are locked in a race to develop alternative and renewable sources of energy to provide power in the decades ahead.The problem is that development of these new energy sources depends significantly on governmental backing and, unless youve been living on the moon for the last three years, youll be all too aware of the fact that many Western governments arent exactly flush with money at the moment. This is a major issue because it comes at a very inopportune moment insofar as it coincides with the emergence of two of the biggest developing economies, China and India, growing wealthier and placing a greater demand on the worlds resources of crude oil for transportation, the provision of heating and a myriad of other uses.
According to analysts at Omega-Trading, however, there is already a proven, reliable source of energy capable of meeting the power demands of more than 2 billion people in those countries and then some. Nuclear power may be tarnished with a veneer of controversy after the Chernobyl incident but, like it or not, it has already been identified as the most likely alternative to the crude oil and coal dependency that, sooner or later, must come to an end. This means that the fuel providing the energy for nuclear power stations, uranium is set to become the world's most coveted assets in the coming years.
Uranium fuels nuclear power generation and represents one of the few non-fossil-fuel sources of energy that can satisfy the demands of large scale electricity needed by the likes of China and India. One Omega-Trading source said, Rest assured, China and India have already planned ahead for the impending boom in uranium prices. Both countries are already stockpiling the fuel and China recently signed a 10,000-ton deal with Canadian mining giant, Cameco. If thats not a vote of confidence in uranium, we dont know what is.
Investors should still exercise caution, though, because uranium prices plummeted alongside the rest of the commodities complex in 2008 after peaking in 2007. Still, uranium enjoyed a ten-fold rise from 2003 to 2007. The end of that remarkable rally was driven by speculators, who helped trigger the subsequent crash which hammered uranium prices and the stock of companies producing it.
Omega-Trading analysts concur that although crude oil grabs the headlines and despite the fact that it is still in a secular bull market, investors would do well to consider spreading their allocation in the energy sector to encompass nuclear power plays by looking at companies like Cameco or Berkeley Resources or, alternatively, considering uranium ETFs like Market Vectors'.
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