Questions on Domestic Uranium and Jobs

Having testified to Congress on this issue of domestic uranium mining in the 2010 timeframe, I feel I must comment this AM.

Many questions came to me yesterday regarding the ruling by the Secretary of the Interior which removes uranium mining on the Northern Arizona strip. The Secretary of the Interior announced the removal of 1 million acres of federal mineral estate from mining on Monday.

What does this mean? There are several certain fallouts, in my opinion. First it makes the U.S. more dependent on foreign imports of uranium for the U.S. nuclear industry. It is indeed ironic that the Palo Verde nuclear plants in Arizona provide cheap and clean (“green,” if you are so inclined) energy to the state of Arizona and others such as California. Meanwhile we have imported the uranium from old Russian warheads (at significant expense and lessened national security) to run our 23 nuclear plants.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]