Greed and stupidity in uranium investment world
You would think that investors would wake up to the hype! The so-called “nuclear renaissance” is just not happening.
Even the market for nuclear weapons is now looking dodgy – these being no protection whatever from terrorists, (in fact a target for them)
China is looking to slow down its economy.- China’s supposed great uranium binge is a BHP executives’ fantasy
There is a glut of uranium supply, made worse by the weapons reduction program, which now supplies uranium (mining not needed)
From today’s CTV News: “Despite the low spot and term prices, uranium producers have shown almost no discipline by reducing current or planned output,”…Despite falling uranium prices, worldwide spending on exploration and mine development grew 133 per cent to $1.6-billion in 2008 from 2006″
In sunny Australia, passing up the chance to develop 21st Century renewables, we are mindlessly letting banks, super funds etc, put our money into this gaping hole of impending loss – the almost certainly doomed uranium industry.
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1.This month.
The Road to War brings a sharp focus to why it is not in Australia’s best interest to be dragged into a war with China which will almost inevitably go nuclear very quickly. The filmmaker has interviewed some of Australia’s senior foreign policy analysts who have vast experience behind them in analysing what really is going on here as the United States rattles its sabres with China. And sets us up to be its proxy, like the poor Ukranians have been fed into the Meatgrinder. So America can remain the Top Dog. The Road to War reveals how the United States through its spy base at Pine Gap and by stationing six nuclear capable B52 bombers in the Top End (without permission from the traditional owners) is making Australia a prime nuclear target if the current war of words suddenly melts down into full scale war.
The Road to War shows the implicit connection between Carbon emissions (the US military uses a whopping 70% of America’s annual petroleum to move its armies and vast War Machine around the globe to its 800+ military bases..but under a loophole wangled at Kyoto, the US military does not have to report its C02 annual emissions). The Road to War starts screening at selected cities and regional centres in March. See the trailer end for details.
Antinuclear 
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