Mario Cavolo

This just in at the Mad Hedge Fund Trader's site on China's planned massive expansion of nuclear energy...

"Uranium traders have been stunned by a sudden Chinese effort to corner the supplies in an effort to fuel the world’s most ambitious nuclear program. The once moribund market now suddenly sees buyers everywhere as the Chinese ramp up their purchases to 5,000 tonnes this year, double their current consumption. The emerging nation plans to build ten new plants a year for the next decade, boosting their electricity supply up from 9.5 to a massive 85 gigawatts. That will make China the world’s largest nuclear power generator. Uranium peaked at $136 a pound in 2007, and collapsed during the financial crisis to as low as $26. High prices also brought a flood of new mines, with 27 coming on line in the past decade. Last year, the total uranium market amounted to 50,572 tonnes. China will need a third of that in ten years, and India another fifth..."

UPDATE: DUE TO PRESIDENT OBAMA'S RECENT ANNOUNCEMENT IN STRONG SUPPORT OF NUCLEAR ENERGY, WE ARE REPOSTING THIS ARTICLE FROM EARLY JANUARY ON THE SUBJECT OF CHINA'S ENERGY STRATEGY FOR AMERICA INCLUDING NUCLEAR ENERGY...Cheers, Mario

To their peril, there are two critical points still not comprehended by the majority of foreigners, including investment analysts and other supposed gurus chiming in their opinion on China.

First, foreigner's just don't get it regarding the insane amounts of CASH CASH CASH which exists inside this country, both at the government and private sector level. I will not go into further detail on this here because it is not the main focus of today's article and it is a subject I frequently focus on. Suffice to say the recent report on massively increasing imports into China should start getting the world to clue in on what's really going on domestically here in China.

Secondly, and our focus for this article, foreigners should be deeply envious of China's "green" revolution; a commitment with a magnitude far greater than any other country in the world with respect to solar, wind, and nuclear energy sources for the future. Remarkable!

In demonstrating this commitment, they are also sending an amazing message on the future of energy in our world.

We won't need much oil. Here are the three reasons why, with the third being the big surprise.

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The 104 nuclear reactors in operation in 31 states provide only 20 percent of the nation's electricity. But they are responsible for 70 percent of the power from non-greenhouse gas producing sources, including wind, solar and hydroelectric dam.

He's (Obama) now calling for a new generation of nuclear power plants.

This is incredible. Today there are 104 nuclear power plants in the United States and nuclear power currently provides 20 percent of the nation's electricity. Wow! I thought it was more like 2%, not 20%. China recently announced a more aggressive nuclear energy program with plans to build 50 more nuclear energy plants.

From the article:

President Barack Obama is endorsing nuclear energy like never before, trying to win over Republicans and moderate Democrats on climate and energy legislation. Obama singled out nuclear power in his State of the Union address, and his spending plan for the next budget year is expected to include billions more dollars in federal guarantees for new nuclear reactors. This emphasis reflects both the political difficulties of passing a climate bill in an election year and a shift from his once cautious embrace of nuclear energy.

Especially considering the incredible damage to our planet with oil as our main energy source, it seems clear enough that the future of earthly existence has plenty of other options to keep the lights on without making any more oil companies and Saudi princes richer than they already are.

AP Newswire Article at INO

Cheers, Mario

Information in this article comes from sources believed to be reliable. Mario Cavolo does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. The author may or may not hold positions in issues referred to in this article. No representations are to be taken as advice or recommendation by the author to buy or sell any asset. Copyright © 2010, Mario Cavolo. All Rights Reserved.

Good Day All! Don't forget this week's live, unscripted radio shows are coming up today starting at NOON beijing time...I just posted three fresh articles on investment guru and misguided China-basher Jim Chanos, moving on to China's remarkable commitment to solar, wind and nuclear to keep the lights on in it's future, and finally, an article wondering why its OK for a bank like Morgan Stanley to default on their payments but then why is it considered so immoral or wrong if an individual does it?...good reading! Cheers, Mario

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Don't Miss Mario's New Radio Show Schedule and Web profiles

We've finally set up independent web profiles for my two radio weekly shows with Grassroots Talks' Dr. Allen Brown. They now run back to back on Tuesday Noon - 2pm Beijing Time, that's Monday evening 8pm til 10pm EST.

Grassroots Talks Money with Mario Cavolo - Monday 8pm EST / Noon Beijing time (+15 hours)
Grassroots Talks Health with Mario Cavolo - Monday 9pm EST / 1pm Beijing time (+15 hours)
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