Technical Analysis: Uranium Mining Stocks and Nuclear Energy
My firm has been observing with great interest the divergent paths in nuclear policy being taken right now by two major sovereign nations, France under Nicolas Sarkozy and Germany led by Angela Merkel.
These neighboring countries share little more than a common border. They are embarking upon two polar-opposite philosophies regarding nuclear development.
Sarkozy understands fully the concept that a modern industrial nation must utilize safe and economical nuclear power to satisfy its energy needs. The French have been doing this for years. They are rapidly becoming the energy wholesaler for the world, certainly for Germany.
On the other hand, Merkel concerned that she might lose the upcoming election, has buckled to the demands of an environmental, political party that has run amok. Politicizing the needs for national survival to satisfy a section of the electorate represents the road to chaos.
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