Uranium a big part of our energy future - Chris DeMuth Jr.
Jan 21, 2024
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Investing expert Chris DeMuth Jr. discusses his bullish outlook on uranium as a clean energy source and prospects for growth. They explore the trade-offs and concerns of nuclear energy, including safety measures and emotional ties to nuclear weapons.
Chris DeMuth Jr. believes in the potential of uranium as a commodity, highlighting the growing consensus worldwide on the use of nuclear energy as clean and safe.
Addressing concerns about nuclear energy, Chris argues that opponents often raise security concerns inconsistently and cynically, emphasizing the need to focus on hardening the overall energy infrastructure.
Deep dives
Favoring Uranium as a Commodity
Chris maintains a significant position in the Sprott Physical Uranium Trust units, highlighting his belief in the potential of uranium as a commodity. While he does not have many investments in uranium equities, he emphasizes the growing consensus worldwide, including left-of-center governments, recognizing nuclear energy as clean and safe. Chris predicts that the need for greater energy production will drive the demand for uranium, presenting an interesting opportunity for investors.
Debunking Fear Around Nuclear Energy
Addressing concerns about nuclear energy, Chris argues that the fears associated with it are largely emotional rather than factual. He points out that nuclear power plants are safe and well-defended, needing significant infrastructure to cause harm. He suggests that opponents of nuclear energy often raise security concerns inconsistently and cynically, highlighting the need to focus on hardening the overall energy infrastructure. Chris believes that alternative intermittent energy sources are not sufficient to meet future energy needs, asserting that nuclear power and petrochemicals will play a major role.
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The Outlook on Uranium as a Clean Energy Source and Prospects for Growth
Why Chris DeMuth Jr. really likes the commodity uranium (0:35) Nuclear energy and emotional tradeoffs (3:20). This is an abridged conversation from a recent Investing Experts podcast.
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