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109596 1 (1979-05-31)

handle is hein.gao/gaobadyfs0001 and id is 1 raw text is: 






            UNITED STATES GENERAL ACCOUNTING OFFICE
                    WASHINGTON, D.C. 20548

                                         FOR RELEASE ON DELIVERY
                                         Expected at 9:30 a.m.
                                         Thursday, May 31, 1979

                         STATEMENT OF
                   J. DEXTER PEACH, DIRECTOR
                 ENERGY AND MINERALS DIVISION
                          BEFORE THE
        SUBCOMMITTEE ON ENERGY RESEARCH AND PRODUCTION
          HOUSE COMMITTEE ON SCIENCE AND TECHNOLOGY
                              ON
           LURANIUM SUPPLY AND DEMAND ESTIMATES

Mr. Chairman and Members of the Subcommittee:

     We appreciate the opportunity to be here today to discuss

the outlook for uranium supply and demand, and the relation-

ship that outlook has to the issues bearing on strategies

for the Nation's breeder reactor development program.

     While GAO has issued numerous reports over the years

on uranium supply and demand and on breeder reactor issues,

my testimony today will focus on two recent reports.

One is an April 10, 1979, letter report to the Secretary

of Energy (EMD-79-50) which states that Department of

Energy (DOE) estimates of uranium requirements on the

resource base are understated by as much as 20 percent

because its current method of analysis neglects milling

losses that are experienced in extracting uranium

from uranium ore.

     The other is a May 7, 1979, report to the Congress

entitled, The Clinch River Breeder Reactor--Should The

Congress Continue to Fund It? (EMD-79-62). That reprt





                     109596

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