Instapundit keeps using a line: "I'll believe it's a crisis when the people saying it's a crisis start acting like it's a crisis." Well, here we have a classic example. We keep hearing about the dangers of generating power from fossil fuels ... and it should be obvious to all that nuclear power is the best (and possibly only) solution to cut back on a large portion of this fossil fuel use. Wind and Solar Power are never going to be able to take up the slack anytime soon. A vital ingredient for nuclear power is enriched uranium. Well ... now we come to the test. Does the US government believe that our current level of fossil fuel use is an urgent problem. Today, we get the resounding answer ... NO.

A planned Ohio uranium enrichment plant seems doomed after U.S. officials refused to grant it a $2 billion loan guarantee, officials say. The decision by the U.S. Department of Energy to refuse the loan guarantee to the proposed USEC Inc. facility in Piketon, Ohio, means the effort has begun to "demobilize," a company spokeswoman told Tuesday's Columbus (Ohio) Dispatch. USEC was seeking the loan to help it build a $3.5 billion advanced technology uranium plant.
The share price of USEC plunged from $6.19 range to $4.05 at close of trade. Yeah ... Cap and Trade was urgent ... but having enough enriched uranium for nuclear power generation so we can cut back on emissions? Not so much.
[Update] I guess I shouldn't be surprised by this: USEC's chief executive says:
"President Obama promised to support the loan guarantee for the American Centrifuge Plant while he campaigned in Ohio. We are disappointed that campaign commitment has not been met."
Just like he promised to support C-17 production while he was campaigning ... Is it too early to cough "lying b*****d" every time Obama opens his mouth?