NEW YORK, NY–(Marketwire -05/03/12)- Last year the Fukushima disaster in Japan started a downward spiral for companies in the Uranium Industry. Approximately one year later the industry looks to be finally recovering as the Global X Uranium ETF (URA) is up nearly 12 percent year-to-date. “Fukushima put a speed bump on the road to the nuclear renaissance,” Ganpat Mani, president of Converdyn, said at a nuclear industry summit. “It’s not going to delay the programs around the world.”
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To me it’s a no brainer. If wind and solar are going to be viable, they need strong base load supply. Coal sucks. Yes I live in the northeast and we’ve got mercury pollution in al of my favorite fishing holes thanks to coal. Nuclear leaves our nat gas for manufacturing, transportation, and home heating. We’ve got deregulated power in our state and we purchase from a supplier that produces the vast majority from nuclear. FD: Long some small cap uranium stocks.