Filed under: Rio Tinto plc ADS (RTP), Commodities

We all got used to hearing about peak oil, especially after a whistleblower recently alleged that the International Energy Agency has downplayed a looming oil shortage to appease the U.S. and prevent panic buying. What we haven’t heard much about is the looming uranium shortage. Last week, Michael Dittmar, from the Swiss Federal Institute of Technology in Zurich, said that the world is running out of uranium and nobody seems to have noticed.

The International Atomic Energy Agency forecast last year said that power generated from nuclear plants could double by 2030 as governments look to alternative energy sources. So while there is great investment in nuclear power, uranium is not plentiful.

Continue reading So long peak oil, here comes peak uranium

So long peak oil, here comes peak uranium originally appeared on BloggingStocks on Mon, 23 Nov 2009 15:20:00 EST. Please see our terms for use of feeds.

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