This is What Energy Security Involves

By April 1, 2008Energy

From the AP:

BISMARCK, N.D.–A California uranium exploration company has leased more than 1,000 acres of land in Slope County, in southwestern North Dakota.

It is the first such lease in the state in about 30 years, said Ed Murphy, the state geologist.

Murphy anticipates the filing of mining permits, given the level of interest.

Uranium prices are up, nuclear power is enjoying a renaissance, and the United States currently relies on supplies from Russia to power its nuclear plants. Glad to see some people taking the idea of domestic energy security seriously.

Not everyone, unfortunately. From the Heritage Foundation:

Burdensome regulation, politics, and bad policy hamper access to available energy resources in the United States. The nation can now add uranium to the list of energy resources that local, state, and federal bureaucrats have deemed off-limits, which includes oil in the Arctic, off-shore natural gas, coastal wind, and cellulosic ethanol.

The nation’s largest known uranium deposit was discovered in the 1980s on a farm in southern Virginia. The owner of that land has recently explored the possibility of mining the approximately $10 billion worth of uranium believed to be on the site. Despite the fact that uranium has been mined safely around the world for decades, including in New Mexico, Nebraska, Utah, and Wyoming, Virginia bureaucrats have decided to prohibit land owners from even studying the viability of mining.

The House Energy and Commerce Committee held a field hearing in Flagstaff last week on uranium mining on federal lands. Not a real warm reception to the idea, either.

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