Uranium. Much in the news these days. Who has it? Who wants it? Who do we not want to have it?
Uranium. You may recall that it was listed, down toward the bottom, on that funny looking “Periodic Chart of the Elements” on the wall in your high school chemistry class. (It was so long ago when I went to high school, the chart in my chemistry class only had three items — water, rocks, and dirt!)
Anyway, Iran wants some. We don’t want them to have any, and, by golly, on June 30, we are going to tell them so! But in the meantime, the issue has become more complicated. As usual, Russian President Vladimir V. Putin is involved.
This week, the New York Times revealed that leaders of the US-Canadian mining industry, major donors to the Clinton Foundation, sold to the Russians a company known as Uranium One, giving the Russians control of one fifth of all the uranium mined in the US. A headline in Pravda boasted, “Russian Nuclear Energy Conquers the World.”
Not too surprisingly, to expedite the deal, Uranium One’s chairman made four donations to the Clinton Foundation totaling $2.35 million. Those contributions were not publicly disclosed by the Clintons, despite an agreement Secretary of State Hillary Clinton had with the Obama White House to publicly identify all Clinton Foundation donors. In addition, shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank that was promoting Uranium One stock.
But all that was peanuts compared to the donation just months after the Kazakh pact was finalized when the Clinton Foundation received another windfall: a $31.3 million donation from Uranium One shareholder, Frank Giustra—a gift that had remained secret until just last month. And Mr. Giustra has more recently pledged an additional $100 million. So important is Mr. Giustra to the Clinton Foundation that a separate financial entity, the Clinton Giustra Enterprise Partnership, has been established.
Maybe now we can better understand why presidential candidate Clinton has announced that the Clinton Foundation would continue to receive foreign donations during her candidacy, and–if elected—probably through her presidency, as well!
But back to uranium. We have now sold Russia one fifth of our uranium mining capacity. But, to use a time honored phrase, “What possible difference can it make?” We can’t process our own uranium anyhow. The Obama Administration closed down our only uranium enrichment plant in June of 2013.
So where do we now get our supply of enriched uranium? You guessed it. We buy it from Russia!
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