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Still, the extreme lack of price elasticity of uranium makes oil look like a joke.
The only short term (less than 5-10 years) substitute for uranium ore is more SWU's (more intense enrichment). But I think enrichment capacity is pretty much running full bore, which is why they are building Geroges Besse II, USEC's American Centrifuge and Urenco's US centrifuge (and either AREVA is part of that or planning it's own US enrichment facility).
On top of that, the old gasseous diffusion facilities are horribly energy inefficient. Tricastin use something like 2700 MW while the replacement is going to be about 5 % of that. Peak oil is not an energy crisis. It is a liquid fuel crisis.
Defined as
(Price elasticity of demand) = (price / demand) * [(change in demand) / (change in price)] Can the last politician to go out the revolving door please turn the lights off?
In both cases, the spot exhibits near zero elasticity. But in the case of oil, it tells much of the true story, where as in the case of U, it may not be significant on the long term. Pierre
They are on the same side as the hedge funds and the U exploration company, to fuck the newcomers. And it puts Areva in a strong selling position in Europe: buy my EPR, my price, cos' if you buy Toshiba, I won't procure you rods, and I'm the only guy in town with rods. Screw you. Pierre
Buy Areva EPR= get fuel and we'll take your waste, either permanently or put in int the reprocessing backlog, effectively storing it at La Hague for decades. Peak oil is not an energy crisis. It is a liquid fuel crisis.
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