Uranium and nuclear economics – theme for September
Uranium is not even a good financial investment for Australians.
The nuclear energy business is teetering, world-wide, as nuclear reactors reach their closing date faster than new ones are built, and as nuclear building and nuclear waste costs escalate.
In Australia, uranium mining companies scramble on the gamble of China and other Asian and Middle Eastern countries “going nuclear”.
Meanwhile old nuclear weapons fuel combines with the worldwide glut of uranium, to make Australia’s uranium future look gloomy.
Strangely, uranium explorers crawl all over the country, in some sort of act of religious faith in an industry that is clearly failing. USA, UK, France, India all see their nuclear power industry stalling.
The great hope seems to be China – with a touching faith that the Chinese won’t wake up to the financial and environmental disaster that is nuclear power.
In the last quarter, despite the general ‘resource boom’, earnings for Australia’s uranium dropped 24%
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1 This month
of the week – Disrupting War & Militarism in Oceania. Active solidarity. Radical practice.
Antinuclear 
You have to choose between two sides. the side that wants you to perpetuate the myths about nuclear energy or choice for the fastest way to put a stop to global warming. Nuclear energy is the best choice. It is far too difficult to fight the corporations that rule the planet but it’s possible that their greed may work in the planets favour if the blocks to “cheaper than coal” nuclear energy are lifted.
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