The Economic Illiterati Speak—Energy

Source: The Daily Reckoning, Dan Denning (3/4/09)

"World uranium requirements are forecast to increase faster than world supply in 2009."

Energy exports will take a big hit in dollar value, falling 34% to $51 billion. This represents lower contract prices for thermal coal and lower spot prices for oil. The two exceptions appear to be uranium and LNG. Both in volume and value terms, the outlook for each is pretty bright, according to ABARE.

"World uranium requirements are forecast to increase faster than world supply in 2009," the agency reports. "As a result, the uranium market is expected to remain in deficit for a sixth consecutive year. Supported by this deficit, spot prices are forecast to recover gradually in 2009 to end the year at around US$62 a pound. . .In 2010, the spot uranium price is forecast to average around US$70 a pound, an increase of 35% on 2009 prices. Strong consumption growth and a decline in secondary supplies of uranium are forecast to support this price increase."

Some good news.

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Source: Streetwise Reports (07/13/2020)

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"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."