• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 28 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 42 mins Coal Boom in Asia is Real and a Long Trend
  • 38 mins The Plastics Problem
  • 11 hours China's President Xi To Visit North Korea This Week
  • 4 hours GM Considering Electric Hummer
  • 55 mins Hydrogen FTW... Some Day
  • 15 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 7 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 13 hours Forbes: Giant Floating Solar Farms Could Extract CO2 From Seawater, Producing Methanol Fuel.
  • 17 hours Fareed Zakaria: Canary in the Coal Mine (U.S. Dollar Hegemony)
  • 18 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 15 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 30 mins As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 11 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 1 hour The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

This Small-Town Vote Could Be A Boost For Uranium

Another important step for the uranium market took place last week. With a key vote in Japan paving the way for the first restart of nuclear reactors in the country.

That came in the town of Satsumasendai, southwest of Tokyo. An area that hosts the Sendai nuclear power plant--made up of three reactors. All of which have been off-line since the Tohoku earthquake in March 2011.

But Satsumasendai's town council wants to change that. With a vote last week seeing 19 out of 26 council members vote in favour of restarting two reactors here.

Related: Here's A Firesale on $6 Billion in Energy Assets

Despite protests against the Sendai plant, the vote vas decisive--with only four council members voting against a nuclear restart. Three members abstained from the vote.

The decision is a key part of the restart process for the Sendai plant. Which received a positive safety evaluation from the Japanese Nuclear Regulation Authority in early September.

A potential restart here won't be immediate. With further safety checks still being required for the Sendai plant. The move must also go to a vote at the prefecture level (akin to a state government).

Related: LNG-Dependent Japan Tries To Gain Leverage Over Pricing

Assuming the plant clears those hurdles, it appears the two reactors here could come back online in early 2015. Which would be a historic event for both Japan's nuclear sector--and for the uranium market, where Japanese demand is a key driver for prices.

Of course, the lift in demand from just two reactors is likely to be minor. But a restart would be a symbolic victory for uranium--and could start an updraft in sentiment across the sector. Especially if it sets the stage for more reactors coming online next year.

Watch for final details on the Sendai safety checks, as well as the all-important prefecture vote. We'll then see about final timing for the restart here.

Here's to firing them up,
Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





Oilprice - The No. 1 Source for Oil & Energy News