at. Up until a couple of years ago, U.S. production had been on the decline for 40 years. But in the last few years, production has increased with improved technology accessing unconventional hydrocarbons, particularly in the shale formations. This has been a boon for many of the oil service companies like Bri-Chem, which is likely to grow its cash flow and earnings even more over the next few years. It's trading around $2.65 and provides a pretty good opportunity for capital appreciation at these levels. TER: Let's talk about the uranium market. Prices have been fairly flat and they've shown a little weakness in the past month. What do you think is happening there? ML: Uranium was $70/pound (lb) back in March 2011 and then drifted down after the Fukushima incident. Japan took steps to close all 56 of its reactors and the Germans have taken out about seven or eight. There are about 445 operating worldwide. The price has been sitting around the $50?$51/lb range for a number of months and recently has gone down to $49/lb on the short-term market. The lower demand in the short run is the reason for the $20 hit. The Japanese have probably gone through three-quarters of their reactors, testing them to make sure they can withstand certain high-strength earthquakes. They are also putting up larger retaining walls and doing other things to prevent future problems from flooding. Our guess is that at least half of those reactors will be back in operation