What Rick Perry's Nuclear Prediction Means for the Global X Uranium Fund (URA)
Source: National Nuclear Security Administration
Rick Perry is an expert when it comes to American energy policy – so when he speaks, we listen...
The former governor of Texas, Rick oversaw booms in both fossil fuels and renewables during his terms. He also served as Secretary of Energy during President Donald Trump's first term in the White House.
Seven months ago, Rick spoke at the Stansberry Conference in Las Vegas. And he gave us a glimpse into America's nuclear energy future...
As it stands, the U.S. Nuclear Regulatory Commission ("NRC") strictly regulates the development of nuclear reactors.
But in his October conference presentation, Rick said the agency's days are numbered...
We don't need the Nuclear Regulatory Commission telling us we have to have a permit to build a small modular reactor. Because it's walkaway safe. There's not a waste issue, [and it's] economically feasible... I think the future of the energy industry in America is bright.
Rick predicted a day when we won't need the NRC at all. And his vision seems to be taking shape already. The current administration's focus on nuclear power could mean this sector is set for a major boom.
Let me explain...
The White House Is Focusing on Nuclear Power
With the first 100 days of Trump's second term in the rearview, his administration appears to be prioritizing nuclear power...
Last week, Axios reported the White House could be just days away from a massive regulatory overhaul in nuclear power. The news outlet predicts these executive orders "will likely lean heavily on the departments of Defense and Energy as a way to meet soaring energy demand."
That would give developers an end-run around the NRC – and would mark another step in making the NRC obsolete, as Rick predicted.
Axios' sources are anonymous, so we should take the report with a grain of salt. Still, it strongly echoes what Rick told Stansberry subscribers back in October.
But that's not the only evidence that nuclear power is a growing national focus...
In March, the U.S. Department of Energy ("DOE") pledged up to $900 million to support the development of next-gen nuclear reactors.
And last month, the DOE committed to providing uranium to five nuclear companies to meet their near-term fuel needs.
What's more, investors are starting to wake up to the opportunity in nuclear power...
One of the best ways to see the nuclear sector's performance is by looking at the Global X Uranium Fund (URA).
This fund holds companies involved in uranium mining and nuclear power. And its performance reflects the sector as a whole.
URA started falling last October. But it found a bottom in April after the DOE started to prioritize nuclear energy again this spring. Take a look...
The nuclear sector has caught a bid since April. And tailwinds for the sector are still building.
We're likely to see big things in the nuclear market this year. If Rick's right – and all signs say he is – we could be entering the biggest nuclear energy boom of the past 50 years.
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