Nuclear energy got another editorial boost by Steve Forbes, editor-in-chief of Forbes magazine in its February 27th edition. "Political rhetoric aside, the only real alternative to oil is nuclear power," wrote Forbes in his "Fact and Comment" section. A photograph of indigents punches up his column, tagged along with the emphatic photo caption: "Without oil the U.S. would have a Third World-like standard of living."
Laptop Battery Forbes complained about President Bush's now-famous phrase, "addicted to oil," and editorialized that Bush might have just as well have said, "We are addicted to prosperity, to progress." Without oil, Forbes believes the U.S. might be as poor as Bangladesh. Forbes also slammed Bush's mention of renewable programs, such as solar, wind, and hydrogen. Forbes called those programs, "the kind of mostly wasteful and useless programs we've been engaging in since the late 1970s."
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Thinkpad The Forbes editor sees no pollution problem with oil, but from where we get it, writing, "Most of the world's oil is found in troublesome neighborhoods: the Middle East, Venezuela (nor run by a crazed Castroesque dictator) and other unstable, largely undemocratic parts of the world." The downside for Forbes embracing nuclear energy with regards to that point is one of the more ambitious uranium-producing countries is Kazakhstan. Another place where uranium exploration may pay off is Mongolia. Unfortunately, Mr. Forbes is unaware that Kazakhstan, the world's third largest producer of uranium, may not have the kindest, gentlest form of government. Niger and Namibia are also significant uranium producers - backwater areas compared to civilized countries such as Canada and Australia. And who knows what forms of government will emerge, over the coming decades, in these third world nations?
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Microsoft Perhaps Forbes should get behind the exploration and development of U.S. uranium assets. Once the world's largest uranium-producing country (in 1957 the Atomic Energy Commission had to rein in uranium exploration because "too much" was being produced), the U.S. uranium industry has been held hostage by various environmental groups for the past twenty-odd years. Even in the light of new uranium mining techniques, such as solution mining, also known as In Situ Leach mining, environmentalists still "don't get it."
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Laptop Computers Part of learning about something involves getting your hands dirty in the subject, spending time in the field. That's the sin many policy makers, journalists and environmental fanatics commit. If U.S. policymakers and the media don't strongly face up to the dangerous buffoonery of the domestic environmental movement, U.S. utilities may be buying an increasing percentage of non-North American uranium, and from the same kind of unstable and undemocratic foreign locales which Steve Forbes detests.
Iran said last month that it has started converting about 40 tons of raw uranium being mined for enrichment. It maintains its intentions are peaceful energy purposes. "We have converted part of the raw uranium we had and produced a few tons of uranium hexafluoride gas, " said Hossein Mousavian, Iran's chief delegate to the International Atomic Energy Agency. He would not specify how much. A few tons of raw uranium would be converted into about the same amount of hexafluoride gas.
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James Finch contributes to StockInterview.com and other publications. This feature (with full graphics) and his other archived articles can be found at www.stockinterview.com. Please contact James Finch by emailing to him at jfinch@stockinterview.com.
The plant at the central city of Isfahan takes processed uranium ore, mined in Iran's central desert, and processes it into uranium hexafluoride gas. The gas is then pumped into centrifuges that spin at supersonic speed to enrich the uranium. Tehran says it will enrich this uranium to a relatively grade for use in power stations, whereas Washington suspects it will take it to weapons grade for use in warheads.
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Notebooks James Finch is a contributing editor for StockInterview.com and other publications.
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