Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp:<\/p>\n
“MF: The demand is there. The mined supply every year is somewhere around 110 to120 million pounds. The current world demand is somewhere around 160 to 170 million pounds. So in terms of mine production, the world is at a one-third shortfall on a yearly basis. Over the last few years, these shortfalls have been supplied in large part by the Russians and their \u201cMegatons to Megawatts\u201d program, which converts highly enriched weapons-grade uranium into low-enriched uranium suitable for reactors. The Russians have stated publicly that sales to the U.S. are going to end in 2013. Currently, the U.S. uses somewhere around 55 million pounds of uranium per year and produces less than 4 million pounds. The demand obviously is there. We have not built a nuclear reactor in the U.S. for years, but we have increased the efficiency and increased units within our existing nuclear power plants, so that our demand has been going up. As an energy supplier, uranium is just about as green as you can get. It leaves no carbon footprint. It\u2019s safe. The Three Mile Island scare was media-driven hype, and we all realize that now. Increasingly, the green sector is looking at nuclear energy as a viable, clean, alternative source in the United States.”<\/p>\n
Read more at http:\/\/www.uranium-stocks.net\/mickey-fulp-mercenary-geologist-the-demand-is-there\/#more-1001<\/p>\n","protected":false},"excerpt":{"rendered":"
Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp: “MF: The demand is there. The mined supply every year is somewhere around 110 to120 million pounds. The current world demand is somewhere around 160 to 170 million pounds. So in terms of mine production, the world is at a one-third … Continue reading “Uranium Demand is there- US uses 55m lbs a year produces 4m Lbs per year”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9,19,42,47],"class_list":["post-125","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-australia","tag-demand","tag-supply","tag-uranium"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/comments?post=125"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}