Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Sean Brodrick: Potash Producers Benefit from Fertilizer Demand | Main | It’s Time to Invest in Coal »

Japan industry panel: should resume full nuclear power generation

Japan Nuclear 23 June 2011.JPG

TOKYO, June 22 (Reuters) - An advisory panel to Japan's trade ministry on Wednesday pushed for a full restart of nuclear power generation in the country, warning of a hollowing out of industry and a 7.6 trillion yen ($95 billion) price tag if fears of power shortages linger.

Over three months after a massive earthquake and tsunami, workers are still trying to stabilise reactors at Tokyo Electric Power Co's Fukushima Daiichi plant, nuclear capacity elsewhere remains offline and the country is questioning its reliance on atomic energy.
The panel, which includes executives from companies such as Toyota Motor Corp , Nippon Steel Corp and Toshiba Corp , said that the quake has raised fears of higher electricity costs, revealed supply chain vulnerabilities and damaged Japan's brand.

Not resuming operations at nuclear reactors that are now undergoing maintenance will lead to power shortages around Japan, while replacing all energy generated by nuclear reactors with thermal power generators would cause crippling costs for industry, the panel said in a draft report.

The trade ministry hopes to use the panel's advice as a springboard for future policy, as it looks to prevent an exodus of companies.
The panel also called for utilities to buy back power conserved by companies, as well as for measures to encourage the consolidation of firms and for lower corporate taxes.

"Many overseas customers are taking their business elsewhere, fearing future disruptions to Japan's supply chain," said ministry official Shuzo Takada.

"Japanese executives are clearly considering moving production bases abroad."

The Ministry of Economy, Trade and Industry found that about 70 percent of the firms it polled said they expected more companies in their supply chains to move some production overseas. ($1 = 80.270 Japanese Yen) (Reporting by Mayumi Negishi; Editing by Joseph Radford)

Thanks to Amir Adnani, President and CEO of Uranium Energy Corp for alerting us to this piece of good news.

UEC Logo 23 June 2011.JPG

Regarding We currently have a number of trades on the drawing board which will be executed once our selection criteria has been met. Patience is the order of the day as it is very important to trade only when the set up is in our favour.

Our model portfolio is up 338.11% since inception

An annualized return of 128.07%

Average return per trade of 40.41%

81 closed trades, 78 closed at a profit

Average trade open for 46.27days

sk chart 22 May 2011.JPG

The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>