Sebastian Thaler

Posts by Sebastian Thaler

It is anticipated that the average price at the gas pump in the US may climb as high as $5 per gallon by summer’s peak driving season. Understandably, many are worried that continuing turbulence in the Middle East could propel prices even higher.

However, a process known as pulsed injection offers potential new life for US oil fields that were previously believed to be past their productive lifetimes, permitting additional barrels to be extracted domestically. In total, the US Department of Energy estimates that there might be as much as 430 billion barrels of oil that is technically recoverable in the United States. Keep reading →

“Prediction is very difficult, especially if it’s about the future,” quipped Niels Bohr. And so it is with the uranium industry. Some uranium companies and several nations with an interest in the sector are bullish, while some analysts strike a more cautious note. Despite lacking a crystal ball, it is possible to offer a reasonably confident analysis of how the industry will fare going forward.

All such predictions are guided by one fact: The effects on the nuclear industry of the Fukushima accident in Japan-whose one-year anniversary is March 11-is less than some pundits had feared, and in turn this will have less of a negative impact on the uranium market overall. According to a report in the Washington Post last October, for example, the Czech Republic is planning to sharply increase its nuclear power production. That nation currently relies on six nuclear reactors for 33% of its total electricity, and the government hopes to at least double that output by the year 2050. In its decision to pursue nuclear power, the Czechs are not alone: Slovakia is currently building more nuclear facilities, and Poland has engaged in talks with companies in France, Japan and the U.S. about technology for its first nuclear plant to be completed by 2030. Keep reading →