The author is describing the situation and hunger for resources.The world is going to need lot's of them,be it oil,uranium or other. The highlights below tell the story.......make of it what you will...
"So what will happen when China latest spending blitz gains traction? The regions have unveiled a colossal new spree on airports, roads, aeronautics, and industrial parks: a purported $240bn each for Tianjin and Chongqing, $160bn for Guangdong, $130bn for Changsha, and so forth. Sleepy Guizhou has trumped them all with $470bn. Your mind goes numb."
"The proper conclusion is to thank our lucky stars that US shale has helped the world avert an immediate crunch. It buys us a little more time to build a new generation of nuclear power stations -- preferably based on thorium -- and to achieve the Holy Grail of unsubsidised grid parity in solar technology."
GDA Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
