• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 19 mins Oil prices going down
  • 39 mins After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 3 hours Oil and Trade War
  • 5 hours Sell out now or hold on?
  • 2 hours When will oil demand start declining due to EVs?
  • 15 hours Two Koreas Agree To March Together At Asian Games
  • 1 hour Trump Hits China With Tariffs On $50 Billion Of Goods
  • 7 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 5 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 3 hours venezuala oil crisis
  • 2 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 6 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 16 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 1 hour The Wonderful U.S. Oil Trade Deficit with Canada
  • 6 hours What If Canada Had Wind and Not Oilsands?
  • 13 hours Trump Renews Attack On OPEC Ahead Of Group's Production Meeting

Breaking News:

Egypt Raises Fuel Prices By Up To 50%

Alt Text

Will The U.S. Support Saudi Nuclear Energy?

Saudi Arabia’s nuclear power program…

Alt Text

Trump Sparks Fight Over Nuclear Mountain

Nuclear power experts have proposed…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Trending Discussions

Not Just Oil: The US is also Dependent on Foreign Uranium

What most Americans don't realize is that dependence on foreign oil isn't the main obstacle to US energy autonomy. If you think America's energy supply issues begin and end with the Middle East, think again. One of the most critical sources of foreign energy is due to dry up this year, and the results could mean spiking electricity prices across the country.

In 2011, the US used 4,128 billion kilowatt hours (kWh) of electricity. Nuclear power provided 790.2 billion kWh, or 19% of the total electrical output in the US. Few people know that one in five US households is powered by nuclear energy, and that the price of that nuclear power has been artificially stabilized. Unfortunately for us, the vast majority of the fuel used for powering our homes must be imported.

In the chart below, you see where most of our uranium comes from:

US Sources of Uranium 2011

The overwhelming majority of that Russian uranium comes from a 20-year-old agreement called "Megatons to Megawatts" that allows weapons-grade, highly enriched uranium (HEU) to be converted to reactor-grade, low-enriched uranium (LEU).

Related article: Ireland Protests New British Nuclear Plant

By December 2012, "Megatons to Megawatts" had produced 13,603 metric tons of LEU for US consumption and provided the fuel for nearly half of the US electricity generated from nuclear power.

In December 2013, that agreement expires, and Russia will be free to put its uranium out on the open market and demand higher prices. With 17 nuclear reactors in China and 20 in India – not to mention Japan, France, Germany, and others all vying for nuclear fuel – competitive bids are poised to drive prices higher, and early investors stand to make spectacular gains.

If this information is news to you, you are not alone. While the mainstream media focus on the US's "Middle Eastern energy dependence," the real story remains unnoticed. That's why Casey Research invited the field's top experts – including former US Secretary of Energy Spencer Abraham and Chairman Emeritus of the UK Atomic Energy Authority Lady Barbara Judge – for a frank discussion of what we think is America's greatest energy challenge.

By. Casey Research via Mining.com




Back to homepage

Trending Discussions


Leave a comment
  • SA Kiteman on May 14 2013 said:
    We really should be converting as much of our energy systems to thorium as we can, as soon as we can. Liquid Fluoride Thorium Recyclers would allow us to provide ALL our energy from indigenous sources, sources that will last for thousands to millions of generations. Why are we so dense?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News