NEI's Energy Markets Report - November 23

NEI's Energy Markets Report - November 23 - 27, 2009

The latest is up, below are three tidbits you may find useful:

From January 2009 to August 2009, US primary energy consumption fell by 5.7 percent compared to the same time period in 2008. For the first eight months of 2009, petroleum provided 31.7% of US energy consumption, natural gas provided 24.6% of US energy consumption, coal provided 21.0%, nuclear 9.0%, biomass 4.1%, hydro 2.9%, wind 0.7%, geothermal 0.4%, and solar 0.1% (EIA’s Monthly Energy Review).

Uranium spot prices rose for the first time in six weeks to $44 and $45.50/lb U3O8 according to TradeTech and UxConsulting. “On the supply side, a number of sellers that came to the market in advance of the anticipated transfer of uranium by the US Department of Energy to USEC have successfully placed the bulk of their remaining 2009 inventory and are now looking towards 2010 and a potential increase in demand. As a result, sellers were less aggressive in pursuing buyers and responded to the new buying interest by raising offer prices” (TradeTech, pages 1 and 3).

On December 14, the Energy Information Administration will release its Annual Energy Outlook 2010 which will present projections of U.S. energy supply, demand, and prices to 2035.

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NEI Nuclear Notes

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