INSANELY VULNERABLE: If Russia cuts off supply of enriched uranium to US power companies, America’s nuclear energy reactors will close within a year
Quote from: https://www.naturalnews.com/2022-06-15-russia-cuts-enriched-uranium-nuclear-reactors-down.html#
Former Department of Energy (DoE) Under Secretary Paul Dabbar and Columbia University energy researcher Matt Bowen have published a report warning that America’s energy crisis could soon get a whole lot worse if Russia stops selling enriched uranium to nuclear power plants.
If supplies get cut, they say, then many United States nuclear power generation facilities would be forced offline within a year. The result would be much less energy availability and sky-high prices even beyond current inflation figures.
Nuclear power accounts for more than 20 percent of all U.S. electricity generation capacity, and nearly half of the country’s 56 operational nuclear power plants use enriched uranium imported from Russia, Kazakhstan and Uzbekistan.
Although Russia only mines about six percent of the world’s uranium, it controls about 40 percent of the global uranium conversion market and 46 percent of total uranium enrichment capacity.
Not only would the U.S. suffer in such a scenario, but so would Finland, the Czech Republic, Hungary and Turkey, all of which rely on Russian state nuclear giant Rosatom for uranium mining, milling, conversion, enrichment and fuel fabrication to the construction and servicing of state-of-the-art reactors.
If Russia cuts off uranium to America, the latter will only have itself to blame
Dabbar and Bowen are urging Western leaders to “immediately consider their exposure to Russian nuclear exports and to take steps to reduce it or face another energy shock at the hands of [President Vladimir] Putin,” based on the current situation.
Not only that, but the two also want the federal government to provide assistance and incentives for U.S.-based uranium conversion and enrichment facilities to help rebuild the country’s dilapidated and in many ways failing nuclear fuel supply chain.
...
If supplies get cut, they say, then many United States nuclear power generation facilities would be forced offline within a year. The result would be much less energy availability and sky-high prices even beyond current inflation figures.
Nuclear power accounts for more than 20 percent of all U.S. electricity generation capacity, and nearly half of the country’s 56 operational nuclear power plants use enriched uranium imported from Russia, Kazakhstan and Uzbekistan.
Although Russia only mines about six percent of the world’s uranium, it controls about 40 percent of the global uranium conversion market and 46 percent of total uranium enrichment capacity.
Not only would the U.S. suffer in such a scenario, but so would Finland, the Czech Republic, Hungary and Turkey, all of which rely on Russian state nuclear giant Rosatom for uranium mining, milling, conversion, enrichment and fuel fabrication to the construction and servicing of state-of-the-art reactors.
If Russia cuts off uranium to America, the latter will only have itself to blame
Dabbar and Bowen are urging Western leaders to “immediately consider their exposure to Russian nuclear exports and to take steps to reduce it or face another energy shock at the hands of [President Vladimir] Putin,” based on the current situation.
Not only that, but the two also want the federal government to provide assistance and incentives for U.S.-based uranium conversion and enrichment facilities to help rebuild the country’s dilapidated and in many ways failing nuclear fuel supply chain.
...
At a minimum, China (I'm sure that India too) buys illiquid oil at penny prices. According to information from traders, the price in deals with China is about $40 per barrel of Urals oil. Secondly, logistics costs have increased many times over. Now oil must be transported by tankers not to the EU, which is nearby, but at least to Korea, and reloaded onto Chinese supertankers. After the full launch of the embargo, China will still order Russia to lower the price. Why ? And where does Russia put oil that no one buys? And there is no place to store such volumes. Secondly, for your information, the Russian budget was drawn up with a fixed oil price (in the actual deal) of about $75 per barrel. Total losses are already at least 2 times less. The USSR also squealed "What do we need your sanctions, Mr. Reagan!?", and where is that USSR now? 
