Uranium - fool's oil

Australia has been spruiked to "be to uranium what Saudi Arabia is to oil" by gullible politicians and media. Pity uranium is worth a tiny fraction of oil and makes next to no difference to Australia's economy.

In the mid-2000s, uranium was the 'new black' as The Bulletin put it and investors could take their pick in this "radioactive heaven". The number of listed uranium juniors doubled, and doubled again ... and again and again.


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