Quote:
Originally Posted by onwebcam
Uranium was/is leaving the US
The US government ultimately reaped $3 billion from the sale to a new firm, the US Enrichment Corporation (USEC) by some reports. Their 1998 IPO set the per-share price at $14.25. But to sweeten the deal for what looked like soon-to-be white elephants, USEC was made principal agent for the commercial sale of Russian down-blended uranium. The US government retained responsibility for the decommissioning and cleanup of the plants once they closed for good. At their IPO, they claimed to supply 75% of the US market for enrichment services and 40% of the world market. Assets totaled over $3 billion.
And here's where the Uranium One deal comes in
USEC went bankrupt in 2012, although it has reorganized itself and emerged a shadow of its former self under the name of Centrus Energy. Its principal business is as a sales agent for TENEX, the Russian enrichment concern. But even that is limited by a 2008 law restricting Russian imports of enrichment services.
Read more: Do Private Uranium Investors Have a $3B Claim against Obama Administration Officials? |
Again, no Uranium left the United States. In fact, you just mentioned that there is a law that prevents this.
When it says "Its principal business is as a sales agent for TENEX, the Russian enrichment concern" it doesn't mean it is selling uranium to Russia, but just the opposite - it was buying uranium FROM Russia.