WEBCommentary(tm) - During the past decade US Department of Energy transferred uranium in violation of federal law.

WEBCommentary Guest

Guest Author: US Government Accounting Office
Date: March 8, 2017

Topic category: Breaking News!

During the past decade US Department of Energy transferred uranium in violation of federal law.

The DOE periodically sells or transfers its excess uranium under the condition that sales or transfers will not adversely impact the domestic uranium market. The GAO found that DOE over the past decade did not follow its own guidance for assessing the technical quality of two market impact studies conducted for DOE; has not developed guidance for valuing a portion of its uranium inventory, despite commercial interest in its purchase; and, in some cases has violated federal law with its transfers.

The US Department of Energy (DOE) periodically sells or transfers its excess uranium under the condition that sales or transfers will not adversely impact the domestic uranium market. The Government Accounting Office (GAO) found that during the Obama administration, the DOE did not follow its own guidance for assessing the technical quality of two market impact studies conducted for DOE; has not developed guidance for valuing a portion of its uranium inventory, despite commercial interest in its purchase; and, in some cases has violated federal law with its transfers.