Heard at Heritage The Power Hour | Reviving America's Commercial Uranium Fuel Enrichment Industry with Amir Vexler, President and CEO, Centrus
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Apr 12, 2024 Amir Vexler, President and CEO of Centrus, leads America’s only domestically owned uranium enrichment company and has an extensive background in nuclear fuel manufacturing. In this engaging conversation, he discusses the historical reliance on Russian uranium and the challenges of revitalizing the U.S. uranium industry. Vexler explores the potential for investment in nuclear energy, the complexities of the uranium supply chain, and the role of public-private partnerships in restoring domestic capabilities. His insights highlight a hopeful future for American nuclear technology.
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Skepticism of Government Intervention
- Jack Spencer expresses skepticism about government intervention in energy markets, favoring organic growth.
- He believes current policies resemble the broken window fallacy, hindering nuclear energy's sustainability.
Steel Industry Decline
- Amir Vexler observed the decline of the US steel industry in the mid-90s.
- Large steel mills employing thousands went bankrupt due to competition and cheaper labor, creating economic hardship.
State-Owned Enterprise Competition
- Competing with state-owned enterprises is difficult because they can operate with no margins or even losses.
- Once out of the market, re-entry barriers become insurmountable.