SARASOTA, Fla., Oct. 23, 2006 (PRIMEZONE) -- According to David R. Miller, a state legislator (Riverton-R) and co-author of "Investing in the Great Uranium Bull Market" (StockInterview: 2006), Wyoming's uranium mines could produce more than 10 million pounds before 2015. And if the spot uranium price continues soaring, this new production could bring the State of Wyoming nearly $30 million in new severance and ad valorem tax revenue. "That's almost enough to educate 3,000 Wyoming schoolchildren," said Representative Miller.
Miller teamed up with a panel of uranium mining and nuclear energy experts as one of two senior contributing editors to the recently published "Investing in the Great Uranium Bull Market." The book forecasts Wyoming's uranium mining production would leap 500% between now and 2020. Speaking at a recent nuclear fuel conference in Washington, Miller projected domestic uranium production could climb to more than 25 million pounds. He expects at least 40 percent of new U.S. production would come from Wyoming.
The editors of StockInterview compiled "Investing in the Great Uranium Bull Market" to help persuade the U.S. utility industry to cultivate the growing number of domestic uranium producers in safeguarding against potential supply disruptions. According to the Energy Information Administration, U.S. utilities loaded 58 million pounds of uranium into the country's 103 nuclear reactors in 2005. In the same year, domestic uranium miners fell short on what the utilities required, only producing about 2 million pounds. Utilities have relied upon foreign imports for the past decade.
One major supply disruption is expected when the U.S.-Russian 'swords for plowshares' deal expires. For the past decade, U.S. utilities have fueled 10 percent of the country's electrical power grid from dismantled Russian warheads. This past July, Presidents Bush and Putin mutually agreed to not extend this deal after 2013.
The book's authors also singled out Wyoming as the leading and more important state in fueling the U.S. nuclear energy expansion. Many Wyoming politicians and government officials offered their opinions in interviews for this publication, including Governor Dave Freudenthal, Secretary of State Joe Meyer, John Corra and Rick Chancellor of Wyoming's Department of Environmental Quality, Representative David Edwards (Douglas-R), Senator Robert Peck (Riverton-R) and others.
Leading environmentalist Dr. James Lovelock endorsed "Investing in the Great Uranium Bull Market," writing in the book's foreword, "I unhesitatingly recommend it to politicians, environmentalists and all those concerned about our future." The book was also recommended by "Fuel Cycle Week" magazine in the October 10th issue as one which helps "separate hype from reality," with regards to the uranium bull market.
Today's featured interview with David Miller appears on the financial news website: http://www.stockinterview.com/News/10232006/Update-Miller.html
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