Kinda mind-blowing if ya ask me:http://moneymorning.com/2011/04/04/uranium-prices-and-producers-are-poised-to-rebound/BY JASON SIMPKINS, Managing Editor, Money Morning
ranium spot prices and shares of uranium mining companies have plunged in recent weeks amid fears that the situation in Japan could deteriorate into a nuclear meltdown on par with Chernobyl.
Investors fear that the explosion and subsequent radiation leaks at the Fukushima nuclear power plant will force other countries to tighten restrictions, or worse, abandon their pursuit of nuclear power as an alternative source of energy.
But what if no such thing happens? What if the nuclear fallout in Japan remains relatively contained, and other countries around the world move ahead as planned with their atomic energy projects?
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U.S. President Barack Obama just last week said that nuclear power would continue to play a role in U.S. energy policy.
"It's important to recognize that nuclear energy doesn't emit carbon dioxide in the atmosphere, so those of us who are concerned about climate change, we've got to recognize that nuclear power, if it's safe, can make a significant contribution to the climate change question," President Obama said last Wednesday. "We're going to incorporate those conclusions and lessons from Japan in design and the building of the next generation of plants. But we can't simply take it off the table."