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Do Russian Uranium Deals Threaten World Supply Security?

Lasrick writes: A recent article in the New York Times notes that the Russian state nuclear corporation Rosatom and associated firms are gaining control of a growing number of uranium resources and mining operations. The article, headlined Cash Flowed to Clinton Foundation Amid Russian Uranium Deal focuses on donations to charities connected to former US President Bill Clinton and his family, made by businessmen who stood to profit from the sale of Uranium One, a Canadian company with worldwide uranium-mining interests. But a major premise of the article is that Russian uranium control threatens the security of the global uranium supply. Steve Fetter and Erich Schneider demolish the idea that Russian control of uranium stocks is a threat to global security.

31 of 102 comments (clear)

  1. Threatens security by future+assassin · · Score: 3, Insightful

    or threatens profit transfer from one company to another?

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    1. Re:Threatens security by afidel · · Score: 3, Interesting

      Exactly, just last week I was reading about a proposed Canadian mine that was vetoed by the native council, not due to environmental concerns, but because of uncertainty over environmental impact in the future because current and projected prices didn't actually support opening the mine in the near term but the company looking for approval was looking for a 50 year lease on the land. If Russia ties up a lot of the world supply and shuts down mines they own then the price will rise and mines like that one will come online, it's not like they're going to take over so much of the world supply that we'll be shutting down reactors due to lack of fuel. The real fear I'm sure is that Westinghouse and GE and their suppliers will have to pay more for yellowcake in order to produce their overpriced fuel rods.

      --
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    2. Re:Threatens security by rtb61 · · Score: 2

      More mind boggling stupid and immature US Government corporate propaganda it's like http://en.wikipedia.org/wiki/E... doesn't even exist in the Australia, Canada and the USA. The other countries with lots of Uranium. OHHH KNOWSSS some evil corporation owns our minerals and we can do nothing to stop them. When it is a US corporation that owns them, everyone knows that is a problem because when countries do eminent domain against US corporations, the US government stages coups and kills shit loads of people, at the behest of those US corporations. In every other case it's, we want it, we think it is worth this amount, here's the money, piss off, it's ours again. Of course the pressure is mounting against a corrupt US government and they are slowly but surely being forced to comply to those rules in other countries as the world unites against the rapacious activities of a corporate controlled US government.

      The most dangerous thing you can do if you have lots of primary resources is to allow a US military base in your country, they will never ever be there for your benefit and will remain a constant threat.

      --
      Chaos - everything, everywhere, everywhen
  2. Ask Hillary, she knows what happened by Anonymous Coward · · Score: 4, Informative
    http://www.nytimes.com/2015/04...

    Hillary Clinton was bribed to grease the sale of 20% of America’s uranium production to Russia, and then it was covered up by lying about a meeting at her home with the principals, and by erasing emails. We might know for sure whether there was or was not bribery, if she hadn’t wiped out thousands of emails.

    1. Re:Ask Hillary, she knows what happened by Anonymous Coward · · Score: 3, Informative

      Nonsense. There is absolutely no evidence of wrongdoing on the part of Hilary or Bill Clinton.

      Of course there isn't. They were wiped from her personal server. We know she would never delete incriminating evidence.. she's an honest democrat!

    2. Re:Ask Hillary, she knows what happened by Anonymous Coward · · Score: 4, Insightful

      She broke no laws, violated no ethics,

      She ran a private email server, against government rules. Illegal.
      She deleted emails AFTER they were subpoenaed by Congress. Illegal.
      She sent secret intelligence documents to Sidney Blumenthall, who is not a government employee and doesn't have clearance. Illegal.
      She told Congress she had 1 private emails account, NYT found a second one, making her a liar to Congress. Illegal.
      She took bribes according to one of my sources and it is up to her to prove differently by releasing her deleted emails (see Harry Reid's false accusation against Romney for not paying tax to understand the sarcasm). Illegal

      We can go on all day, but you repeated false talking points just makes the left seem even more desperate than ever. You SHOULD be throwing her under the bus and quickly getting a different nominee. But if you don't want to, thats fine, give the GOP the White House without having to even try. Hint: Its not the GOP attacking Clinton its people who want Elizabeth Warren to run, but will only run after Clinton drops out.

    3. Re:Ask Hillary, she knows what happened by The+Grim+Reefer · · Score: 2

      Just because she said one thing and did another doesn't make that a lie. It could be that the facts changed.

      That's a good one. It didn't work out so well for George W. Bush when the facts changed.

      Of course you Republicans are so full of hate that you stop thinking logically.

      Democrats, Republicans, you're all so full of hatred for each other you're not only illogical, you're blind and stupid too.

      I'm old enough to remember when universal healthcare was a Republican goal. The Democrats claimed it would be the end of America. Funny how the roles have reversed.

      Of course that's the beauty of the internet. It's been around long enough that you can find videos of just about any politician whose been in office long enough vehemently claiming the exact opposite of what they so strongly state they believe now. But you just keep blindly believing whatever your "team" in the blue or red uniforms keeps telling you to think. It's easier that way I suppose.

  3. Clinton! Booga! by Enry · · Score: 2, Funny

    The article, headlined Cash Flowed to Clinton Foundation Amid Russian Uranium Deal

    Is completely wrong if it's implying that Sec. Clinton was the only person involved in approving the deal. She didn't have veto authority (only the president does) and she was part of a panel of 8 other members who also approved the deal. If she were the only person to approve or she was the deciding factor, the accusation might have merit and more examination done. She wasn't directly involved in the deal, there's no indication that she was a deciding factor, and there's little indication that she personally profits from money donated to the Clinton Foundation. There might be questions about the sources of money for the CF, but to imply that there's some sort of quid pro quo going on is just baseless.

    http://www.factcheck.org/2015/...

  4. Re:Political hit job by Anonymous Coward · · Score: 2, Informative

    America stands to benefit

  5. Uranium One by Anonymous Coward · · Score: 2, Interesting

    As a former shareholder, I can tell you that initially, Russian state (Rosatom) bought 50% of the company and they gave every shareholder a nice dividend. I think it was something like $1.06/share dividend, which was about a year after 2008 crash. That was a very nice deal and Rosatom said they had NO INTENTION of taking over. Uranium One said it was beneficial transaction to "smooth things out" in Kazakhstan, where coincidentally Cameco had problems.. Smells like politics interfering with business, but well... so be it.

    Share value went up and at one time it was $7. The Fukushima happened and everything uranium crashed, including Uranium One. Few years later, Rosatom announced they will take over the rest. And now they own everything. In the meantime, there were some "funny loans", like bonds taken out in Rubles, funny option dealings with Uranium prices, but I didn't look closely.

    I think this allowed Russians to take over Kazakhstan's uranium again. That was where majority of Uranium One holdings were.

  6. There's plenty of Uranium in Brazil by Flavianoep · · Score: 2

    There's threat of monopoly of Uranium ore to be afraid of.

    --
    Linux is for people who don't mind RTFM.
  7. Re:Political hit job by ShanghaiBill · · Score: 2, Insightful

    Smells like somebody's trying to Swiftboat the Clintons.

    The Clintons are giving the swiftboaters plenty of ammunition. This certainly has the appearance of a sleazy deal. Mostly this sort of stuff just makes the people that hate Hillary, hate her even more, while having no effect on the people that like her. But eventually all these reports are going to have an effect on swing voters.

  8. Re:Political hit job by TWX · · Score: 2

    Smells like somebody's trying to Swiftboat the Clintons. I wonder who bankrolled this, and who stands to benefit?

    And I wonder what this relatively obscure business market, that's not really centered around new technology or technology that the average person could have a chance in hell of playing with, has to do with a site that focuses on nerdy or geeky things.

    --
    Do not look into laser with remaining eye.
  9. Government is guilty until proven innocent by mi · · Score: 2, Insightful

    Is completely wrong if it's implying that Sec. Clinton was the only person involved in approving the deal.

    "Completely" wrong? No, it is quite right to suspect her. With government officials the famous legal standard is — or ought to be — backwards: guilty until proven innocent. With the amount of sheer power and influence the Executive government has, they must be constantly under scrutiny, and any time there is a suspicion, then must be presumed guilty. These cases are all the same:

    • Policeman shoots a citizen
    • A citizen dies in police custody
    • A government agency "loses" e-mails
    • A government official uses personal e-mail server to discuss financial contributions

    We, the people, do not — or should not — have to prove their guilt, they must be proving innocence instead. And until they do, they must be deemed guilty of the worst crime reasonably suspected. For example: could the shooting have been malicious, or the could "lost" e-mails have contained evidence of rape or treason? If yes, than the charges of murder, rape, and treason ought to stand against all involved until innocence is proven.

    She didn't have veto authority (only the president does) and she was part of a panel of 8 other members who also approved the deal.

    Nonsense. She was the most influential person on that panel and among the 10 most influential members of the government. Her approval or lack thereof was, in all likelihood, the deciding factor.

    there's little indication that she personally profits from money donated to the Clinton Foundation

    Except the foundation is a slush fund . In 2013, for example, it took in $140mln, but spent only $9 mln on actual charity:

    On its 2013 tax forms, the most recent available, the foundation claimed it spent $30 million on payroll and employee benefits; $8.7 million in rent and office expenses; $9.2 million on “conferences, conventions and meetings”; $8 million on fundraising; and nearly $8.5 million on travel. None of the Clintons is on the payroll, but they do enjoy first-class flights paid for by the foundation.

    It does not need to be a source of direct financial enrichment — it is perfectly fine as a vehicle for power.

    --
    In Soviet Washington the swamp drains you.
    1. Re:Government is guilty until proven innocent by Enry · · Score: 3, Interesting

      Nonsense. She was the most influential person on that panel and among the 10 most influential members of the government. Her approval or lack thereof was, in all likelihood, the deciding factor.

      You realize that she wasn't the person that voted and the person who did represent the State Department had no contact with her about it, yes? And the other departments that are represented in the vote include DHS, Defense, and Energy? If any one of them had qualms about it, I'm certain they would have brought it up (especially DHS and Defense) and recommended a veto.

      The rest of what you put down is an incoherent rant that really doesn't have much to do with the issue at hand.

    2. Re:Government is guilty until proven innocent by garyisabusyguy · · Score: 2

      It does not need to be an actual indiscretion — it is perfectly fine to use innuendo as a vehicle for gop propaganda

      FTFY

      --
      Wherever You Go, There You Are
  10. The issue is less that and more about corruption by Karmashock · · Score: 2

    The thing is that the state department had to okay the deal and the Clintons... and several of their associates directly profited.

    If Hillary weren't the primary Democrat hope for the next presidential election, she might already have been charged with a crime.

    The State Department is trying to delay the release of her emails until AFTER the election.

    It is extremely political. Hopefully the democrats can find someone less compromised to run for office so they don't feel the need to protect Hillary at all costs.

    Were it not for that... again, she'd already be facing charges. But the administration is rallying behind her, the State Department is refusing to release information, the Justice Department is refusing to prosecute, and as usual congress is deadlocked with both major parties gripping the other by the throat and squeezing.

    In the end, it is quite likely that hillary is going to collapse. She's a little too much like Al Gore and not enough like Slick Willy. We're already seeing the major liberal newspapers turn on her and this early in the game that is an indication that it is already over.

    She's fucked. Will she spend a day in jail? Probably not. But neither will she be president. That train has sailed.

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  11. Re:*Bullspittle* by garyisabusyguy · · Score: 2

    OMG, somebody wrote a book so it must be true!

    --
    Wherever You Go, There You Are
  12. Re:The issue is less that and more about corruptio by Enry · · Score: 3, Insightful

    I'm gonna have to go with a [citation needed] for most of that.

    Starting with this one:

    The State Department is trying to delay the release of her emails until AFTER the election.

    No, they're trying to delay until January 2016, a full 10 months BEFORE the election, even before the primaries. If there's anything damaging in there, it'll be far worse for her and Democrats if there's something serious enough for her to quit the race since she's effectively the only person running. Getting the e-mails out now turns it into a non-story by then since they'll have already been released.

  13. Re:The issue is less that and more about corruptio by XxtraLarGe · · Score: 2

    We're already seeing the major liberal newspapers turn on her and this early in the game that is an indication that it is already over.

    That's all a ruse. Once she's received the nomination, they will all be circling the wagons around her to shield her from any scrutiny.

    --
    Taking guns away from the 99% gives the 1% 100% of the power.
  14. Quid pro quo by tomhath · · Score: 4, Insightful

    Someone's trying to use Hillary's "What difference does it make?" defense.

    The original story was that she influenced the sale in exchange for donations. Now the response from her defenders is "So what? We have plenty of uranium".

    Nice attempt at changing the subject; I say "What difference does it make if there's plenty of uranium ore, the deal still looks shady"

  15. "Limited" defined by SuperKendall · · Score: 2, Insightful

    Sure, if by "never contacted" you mean "given lots of money, along with other people on the panel, to vote a specific way".

    Are you really so naive? You don't even have to dislike the clintons to understand the fundamental flow of money involved here and just how easy it is for that to have an effect on the results.

    It's also stupid on the face of things to claim Clinton had no influence when donations to her charity fell drastically after she left the state dept... You don't need a tinfoil hat to pick up the subtle single there.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
    1. Re:"Limited" defined by Enry · · Score: 3, Insightful

      Sure, if by "never contacted" you mean "given lots of money, along with other people on the panel, to vote a specific way".

      Any evidence of that? Otherwise, you're just making up stuff. Please stick to the facts.

  16. WTF, Slashdot?! by __aaclcg7560 · · Score: 2

    If I wanted to read something about politics, I would read at the Politico. At least the nut jobs there know how to properly insult each other without pretending to have read the article.

  17. Re:I laid out the facts, horse will not drink by Enry · · Score: 2

    You haven't laid out anything other than a bunch of baseless accusations. You should write a book about it, I'm sure it'll sell.

  18. Re:The issue is less that and more about corruptio by Karmashock · · Score: 2

    ... I think they would if Hillary were a competent politician... that is someone good at politics. But she's not. She's not good at kissing babies. She's not good making people feel the love. She's not inspirational. The only reason she has any power or credibility what so ever is because of Bill Clinton and really that can only go so far. It is amazing how far she's been able to stretch that.

    The media would be doing more for her if she were holding up her end of it. But she's basically a cold fish in that relationship. She just lays there not moving at all while the media TRIES to get something happening. Not terrible stimulating. She's basically been hiding for weeks hoping that all the controversy will go away. This would work if we were all babies because Peek-a-boo is highly entertaining... if you are a toddler. It loses its appeal rapidly after that age.

    She's going to be a laughing stock if she isn't replaced. The former governor of Maryland is making a bid for the nomination and he's looking more credible by the day... and that's even taking into consideration that he's coming out of Maryland... which just suffered a nasty race riot.

    Most of the dem strategists have admitted this and have said they're quite afraid of the ultimate consequences if she gets the nomination.

    Don't get me wrong... her allies will try. But she's not giving them anything to work with.

    None of this is helped by her generally unappealing personality etc.

    She will still get the the base of the democrat party. Just as the republicans will always get the base of the republican party.

    However, whether everyone from the base shows up is questionable and how many either side can attract from the middle is debatable.

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  19. If something malicious happned by Anonymous Coward · · Score: 3, Funny

    If Hillary actually did something illegal, skirted the law or even just compromised the US' security, the Republicans would be all over her - it would be Benghazi all over again but actually justified. They made some noise about the email servers and then pretty much dropped it.

    So, I have to ask why aren't the Republicans going after her? If there is something here, she just handed them a perfect weapon to knock out the Democrats for '16. And they're not.

    so, either there's nothing, or there is something much deeper and bigger happening here that us little people aren't supposed to know about - maybe our government cutting deal with Russia to prevent something worse like a war?

  20. Ah, good play by argStyopa · · Score: 2

    Make sure the discussion is about whether this is dangerous to the world uranium supply (it isn't), and not about the president/presidential candidate team that took $millions$ from one of the USs main geopolitical opponents to secure said deal.

    90% of magic is making sure the audience is looking where you want them to be looking.

    --
    -Styopa
  21. Re:Political hit job by DocHoncho · · Score: 2

    Sure, the Clintons should just slink off into anonymity and let the Bush family take over the US, because the gop is saying mean things about them

    You say that as if Hillary is the only possible Democratic candidate who could beat Jeb Bush. If anything, she's got less of a chance than some other candidate with less baggage and skeletons in the closet.

    It's only mid-2016 and I'm already sick of this idea that Hillary is the inevitable candidate, let alone a shoe in for victory.

    --
    Celebrity worship is a poor substitute for Deity worship and costs more to boot.
  22. Re:*Bullspittle* by camg188 · · Score: 2

    It must be a vast right wing conspiracy...
    but then there's the Washington Post story.

  23. Ha! by Anonymous Coward · · Score: 3, Interesting

    Don't use a Democrat talking-point site to refute a claim about a Democrat.

    Sometimes, getting a government official to NOT say "no" and to not voice any objections or criticisms is a very-effective way to grease-the-skids for a bad action - AND it has the happy side-effect of being less obvious to the simple-minded.

    Simple question: if the EXACT same thing happened BUT the name "Hillary Clinton" were replaced with "Dick Cheney" would you still say "no big deal"?

    hmmmmmmmmm