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NON-EXISTENT URANIUM PRODUCTION!

Contributing Author
July 16th, 2021

Comments (14)

It’s a supply-versus-demand imbalance that has completely gotten out of hand. 

Calling it a supply crunch or deficit doesn’t fully describe what’s happening in the U.S. nuclear industry today, in my opinion.

Non-existent really isn’t an exaggeration, as the nation continues to struggle just to get a sliver of the global uranium industry pie.

To put it bluntly, it’s a misconception that America’s nuclear plants use domestically produced uranium.

The owners and operators of U.S. nuclear power reactors purchased the equivalent of about 48.9 million pounds of uranium in 2020, but unfortunately, they remain highly reliant on foreign sources for that uranium:

  • 22% from Kazakhstan
  • 22% from Canada
  • 16% from Russia
  • 11% from Australia
  • 8% from Uzbekistan
  • 5% from Namibia

 

America is so dependent on other nations – some of them less friendly than others – for such an essential energy source.

This is a truly unsettling scenario: nuclear power plants provide roughly 20% of the electricity in the U.S., yet domestic uranium output is minuscule.

Courtesy: Seeking Alpha

Asian nations are working around the clock to grow their nuclear footprint, thereby putting the U.S. at an even greater disadvantage in the race to adopt clean, sustainable energy.

Kazatomprom slashed its 2020 uranium production forecast by up to 10.4 million pounds – equivalent to 8% of the global supply at that time – due to government-imposed measures to mitigate the spread of the virus, so the supply side got even tighter.

Today, the United States imports more than 90% of the uranium that it uses, and as you can imagine, the last thing the U.S. government wants is for the country to compromise its energy security by depending on foreign-sourced uranium.

Moreover, this is taking place at the worst possible timing since the nation’s electricity demand, according to the U.S. Department of Energy, will increase by 24% by the year 2035.

 

https://static.seekingalpha.com/uploads/2020/11/17/36303466-16056196654001496_origin.png

Courtesy: Seeking Alpha

 

This means that the country will require hundreds of new nuclear power plants in order to maintain America’s current living standards and expectations for economic growth, in my view.

After falling below the crucial $20 mark in 2017, it has made a comeback.

By the summer of 2021, uranium topped $32 per pound. 

The answer is to have uranium producers on U.S. soil. The lack of local production is negatively impacting the nation politically, economically, and even in America’s safety and security.

Research Uranium Energy Corp (NYSE: UEC)! Download its full presentation HERE!

 

 

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    14 Comments...

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    1. Andrea.Iravani. says:

      Nuclear energy is not clean energy! It is filthy and highly toxic! The United States repealedthe Plutonium Dispostion agreement with “The Russian Hackers” which would have gotten the deadly toxic waste that is regularly dumped into lakes, rivers, and oceans by the nuclear energy industry and has contaminated lands all over America! In Wisconsin, there is Point Beach Nuclear Power Plant, which, believe it or not is right on Lake Michigan and is a state park, so, you can take the whole family to swim in the toxic waste and sun bathe in toxic nuclear waste filled sand. Family fun!

      Then of course there is the Hanford Nuclear waste site that has not been able to resolve its nuclear waste problems and has undergone melt downs from heat decay.

      Cold fusion is not safe either because it release enormous quantities of radioactive trititum into the environment. It is just yet another one of the millions of lies by industries that cold fusion does not produce nuclear waste.

      ALL nuclear reactors produce nuclear even more nuclear waste in the process of creating nuclear energy. So if you happen to be under the misconception that burning nuclear fuel will get rid of nuclear waste, it is time for you to end your brain washing by industry. Burning nuclear fuel produces more nuclear waste, which is why nuclear reactors are called breeder reactors. Some have renamed the reators because they do not want people to know that they are breeding nuclear waste, but renaming the reactors does not prevent them from breeding nuclear waste!

      France decided to dump its nuclear waste into its older underground sewer system, you know the French are famous for their ancient catacombs and underground sewer system right? Yeah, well, they are, and it is filled with skulls and underground caskets and now also nuclear waste. So, sewage, corpses, and nuclear waste. The underground!

      Andrea

    2. Andrea.Iravani. says:

      Nuclear energy is not clean energy!  It is filthy and highly toxic! The United States repealedthe Plutonium Dispostion agreement with “The Russian Hackers” which would have gotten the deadly toxic waste that is regularly dumped into lakes, rivers, and oceans by the nuclear energy industry and has contaminated lands all over America! In Wisconsin, there is Point Beach Nuclear Power Plant, which, believe it or not is right on Lake Michigan and is a state park, so, you can take the whole family to swim in the toxic waste and sun bathe in toxic nuclear waste filled sand. Family fun! 

      Then of course there is the Hanford Nuclear waste site that has not been able to resolve its nuclear waste problems and has undergone melt downs from heat decay. 

      Cold fusion is not safe either because it releases enormous quantities of radioactive trititum into the environment. It is just yet another one of the millions of lies by industries that cold fusion does not produce nuclear waste.

      ALL nuclear reactors produce nuclear even more nuclear waste in the process of creating nuclear energy. So if you happen to be under the misconception that burning nuclear fuel will get rid of nuclear waste, it is time for you to end your brain washing by industry. Burning nuclear fuel produces more nuclear waste, which is why nuclear reactors are called breeder reactors. Some have renamed the reactors because they do not want people to know that they are breeding nuclear waste, but renaming the reactors does not prevent them from breeding nuclear waste! 

      France decided to dump its nuclear waste into its older underground sewer system, you know the French are famous for their ancient catacombs and underground sewer system right? Yeah, well, they are, and it is filled with skulls and underground caskets and now also nuclear waste. So, sewage, corpses, and nuclear waste. The underground! 

      Andrea Iravani

      the retarded hacker hacked my comment again!

    3. Andrea.Iravani. says:

      Citizens Against the Anti-American Organized Crime Ring of InfraGard Charter

      InfraGard is a terrorist network and organized crime ring that defies the American way of life and the U.S. constitution. It is a public private partnership of a surveillance cult filled with murderers, thieves, perverts, hackers, vandals, and stalkers and has totally destroyed national security, personal security, and also corporate security. It is filled with parasites that exist strictly for the purpose of feeding off of others as predators do. InfraGard uses illegal actions that have bosses spying on employees, co-workers spying on co-wprkers, neighbors spying on neighbors, corporate espionage agents spying on competitors and stealing intellectual property. It is filled with over 180,000 coporations and the 17 intelligence agencies, local governments, police, and academia. They know where you live, how much money you make, what you own, where you bank, who you communicate with. They know everything about you, and they want to know what to steal from whom and who to kill that may be a threat to their parasitic and predatory lifestyles. They have cheated their way through life because they are totally mentally incompetent. 

      Not only are they completely mentally incompetent, but they are also completely fascist and demand total omerta ( loyalty ) and secrecy.

      InfraGard members also engage in organized community stalking which involves gas-lighting, and letting you know that they are spying on you but deny it when confronted since it is illegal. They do this by repeating or re-enacting things that they would only know if they were spying on you, when there are just too many coincidences to overlook, you know that InfraTards have targeted you. They do black bag break-ins, vandalsm, and crooking, all of which is also totally illegal.

      They are low life, low IQ losers and complete cowards that are so afraid that they need an entire gang of terrorists that they affiliate with for their survival, and even though they have an entire gang of terrorists, they are still too cowardly to admit to what they are doing because they know how sick, disgusting, and evil their behavior is and they do not want to admit that they are as sick, evil, and mentally incompetent as they actually are. They know that people would despise them for it if they came right out and said it in plain English, and they also know that it is all totally illegal, as if laws stop crime from taking place though! We would not have any crime if laws prevented crime. 

      Evidenently, InfraGard members only associate with other InfraGard members. They hate us for our freedoms – our constitutional rights.  I would not want to associate with people that are involved in InfraGard anyways because their lifestyles are an afront to all that I believe in, so I certaily do not feel any sense of loss over being shunned by InfraGard members. That is their cult like behavior. Anyone not part of the cult is a threat to the cult and is the enemy. These cult like tactics are extremely infamous and are usually associated with fringe element religious extremist groups that have completely wrecked entire families after gettting ahold of one family member to become a part of their cult. They use Saul Alinsky’s Rules for Radicals cult tactics on their targeted victims. Cults rely on brainwashing cult members, Cults tell cult members that if their family members loved them that they would convert and become part of their cult. They force cult members to abandon their own families and relationships. They want total control over cult members lives, and any outsider is a threat because it shatters the illusion of the brain washing that the cult members have been subjected to. 

      If you are a member of the InfraGard cult, just walk away from the surveillance organized crime ring terrorist cult of InfraGard. If you are not a cult member, do not become one. They are evil predators and terrorists.

      Andrea Iravani

    4. Anonymous says:

      So someone please explain to me why HRC “sold” a large percentage of our nation’s uranium supply to Russia…?

    5. Andrea.Iravani. says:

      InfraGard members have perpetrated a crime spree on me, my life, members of my family, and my property of the most heinous, monstrous, sadistic, barbaric nature. They act as though they are devil worshippers. They must be posessed by the devil. I really cannot imagine what else would cause people to behave the way that they have other than that they are demonically posessed. They are sick as hell. Much worse than Joseph Mengela and Adolph Hitler were and on a much larger scale. 9/11, the seven false flag wars that the 9/11 inside job resulted in, and the scamdemic are prime evidence of their barbaric monstrosity. They have turned America into a lawless banana republic resembling Planet of the Apes and they have the mentalities of monkey brained Monster Apes.

      Andrea Iravani

    6. Cathbad says:

      So why did Hillary sell Uranium One to Russia?

    7. Darth Skippy says:

      Galen Winsor – What stopped plutonium economy?
      youtube.com/watch?v=8VvGw1tkT1Q

    8. Due diligence required here.

      Funny the promoters of this company cite a chart from Seeking Alpha. But if you go to Seeking Alpha they have an article from 2 months ago that says to avoid this company. It has no reserves and only about 3 years of production resources, yet they keep issuing equity. Why? Maybe to pay current salaries? Sounds almost like a ponzi.

      Rick Rule even says to keep away from US producers. Regulations are bad and they are not competitive at current prices.

      YMMV

    9. Genius says:

      F&%K Nuke power. Go back to coal and stop breeding like roaches.

    10. Andrea.Iravani. says:

      Nuclear energy is not clean energy!  It is filthy and highly toxic! The United States repealedthe Plutonium Dispostion agreement with “The Russian Hackers” which would have gotten the deadly toxic waste that is regularly dumped into lakes, rivers, and oceans by the nuclear energy industry and has contaminated lands all over America! In Wisconsin, there is Point Beach Nuclear Power Plant, which, believe it or not is right on Lake Michigan and is a state park, so, you can take the whole family to swim in the toxic waste and sun bathe in toxic nuclear waste filled sand. Family fun! 

      Then of course there is the Hanford Nuclear waste site that has not been able to resolve its nuclear waste problems and has undergone melt downs from heat decay. 

      Cold fusion is not safe either because it releases enormous quantities of radioactive trititum into the environment. It is just yet another one of the millions of lies by industries that cold fusion does not produce nuclear waste.

      ALL nuclear reactors produce nuclear even more nuclear waste in the process of creating nuclear energy. So if you happen to be under the misconception that burning nuclear fuel will get rid of nuclear waste, it is time for you to end your brain washing by industry. Burning nuclear fuel produces more nuclear waste, which is why nuclear reactors are called breeder reactors. Some have renamed the reactors because they do not want people to know that they are breeding nuclear waste, but renaming the reactors does not prevent them from breeding nuclear waste! 

      France decided to dump its nuclear waste into its older underground sewer system, you know the French are famous for their ancient catacombs and underground sewer system right? Yeah, well, they are, and it is filled with skulls and underground caskets and now also nuclear waste. So, sewage, corpses, and nuclear waste. The underground! 

      Andrea Iravani

    11. angryinadk says:

      I keep reading about thorium reactors, much safer, stable, in that they can not “China syndrome”. Thorium is also a abundant element compared to uranium (The Thorium Energy Alliance estimates “there is enough thorium in the United States alone to power the country at its current energy level for over 1,000 years) and the reactor “burns” U232 PU238 isotopes, neither good for weapons production. The waste generated is orders of magnitude less than Uranium/plutonium reactors. We turned our back on these reactors because of military and big business decisions. The military wanted the by-products of the breeder reactor and big business (GE, Westinghouse) had money spent developing the uranium based designs and wanted to get some payback on their investments.

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