Kivalliq recently exhibited at the Cambridge House Investment Conference in Vancouver, BC on January 22 and 23, 2012. Thomas Drolet, the president of Drolet & Associates Energy Services, spoke at the conference about the likelihood of a uranium supply crunch by 2016. Please click on the following link to read an excerpt from Mr. Drolet�s presentation
http://www.mineweb.com/mineweb/view/mineweb/en/page72103?oid=143915&sn=Detail&pid=102055
Uranium supply crunch by 2016 - nuclear expert says
Thomas Drolet, a nuclear expert, warns of a coming uranium deficit as Cold War-era supplies dry up.
Author: Kip Keen Posted: Tuesday , 24 Jan 2012
VANCOUVER, BC -
A nuclear expert gave uranium supply three more years - at most - before it seriously falls behind demand from the nuclear power industry.
"2016: We have to have supply in the market or the lights will gradually go out in the nuclear system," said Thomas Drolet, the president of Drolet & Associates Energy Services, during a presentation at Cambridge House's Vancouver Resource Investment conference on Monday.
A uranium supply crunch is widely anticipated to hit the nuclear industry starting next year as Cold War era sources of uranium dry up. To illustrate the severity of the shortage that the nuclear industry faces, Drolet highlighted 2010 uranium production from mining - 118 million pounds - versus consumption: 190 million pounds.
"You can do the delta difference yourself," Drolet said, referring to how much of a supply gap miners will have to make up for in coming years.
That uranium is "going to have to come from somewhere," he said.
The Fukushima nuclear disaster in Japan, Drolet argued, only delayed the onset of the coming pinch on uranium supply. But even in his "downside" analysis the uranium deficit still comes by 2015.
While Japan has idled most of its 50 nuclear reactors in the wake of Fukushima, Drolet wagered that the country would have no choice but to bring online at least 30 of the reactors or suffer brutal economic consequences. Drolet said if it did not do so industry in Japan would start to fail.
Shannon Coutts Corporate Communications Kivalliq Energy Corporation 1020 - 800 W Pender Street Vancouver, BC V6C 2V6 Ph: 604.646.4527 Fax: 604.646.4526 www.kivalliqenergy.com m.kivalliqenergy.com
Click here to be removed from this list |