Rick Rule: This energy crisis will be widely bullish for uranium in the long run
The Japanese nuclear fleet, the 2nd largest in the world, was constructed as a result of the painful experience of the Arab oil embargo in 1973.
Currently, they run 15 of their 41 reactors, expect the reactivation schedule to increase.
The current energy crisis will have a similar effect, as uranium’s extremely high energy density allows countries to store years’ worth of energy supply with relative ease - making it the best strategic energy source
- Japan runs 15 of their 41 reactors – expect increased reactivations
- Uranium is already in deficit
- Available supplies at cheap prices are quickly running out
- The pace of new plant construction will be red hot
Uranium is the winner of the current energy crisis