There is no compelling evidence that uranium imports present a threat to America’s national security interests. But President Donald Trump is expected to weigh in on a petition between now and mid-July brought by two uranium mining companies that have tried to build that case. If their lobbying efforts are successful, the payout could be a guaranteed 25% of the U.S. civilian market for uranium via an import quota imposed on foreign suppliers by Washington. That may be good for these two uranium companies (in the short term) but bad for American energy consumers and the nuclear energy industry.
The Daily Signal 18th June 2019 read more »
The Crushing Cost Of Nuclear Waste Is Weighing On Taxpayers. “The Maine Yankee nuclear power plant hasn’t produced a single watt of energy in more than two decades, but it cost U.S. taxpayers about $35 million this year.” So begins a powerful report this week about the crushing cost of nuclear waste storage by the Los Angeles Times. Nuclear waste has always been a contentious topic in the United States, and the issue has a particularly long history of litigation and protest in the country, from the anti-nuclear movement of the 1960s to the major outcry over the Yucca Mountain nuclear waste repository approved for construction in 2002 under George W. Bush and later de-funded in 2011 under the Obama administration. Even though nuclear power remains controversial, the United States is nevertheless the largest nuclear power generator in the world, producing a whopping 30 percent of global nuclear energy supplies.
Oil Price 19th June 2019 read more »