"The Permian Basin in southeastern New Mexico and western Texas is the epicenter of a clash between oil producer Fasken Oil and Ranch and Florida-based energy-tech company Holtec International.
According to the Wall Street Journal, the region is the busiest oil field in the nation, producing more oil than Iraq and Libya combined. Fasken "has amassed more than 160,000 acres of land" in the Permian and produces 40,000 barrels of oil daily.
However, the land can hold around 170,000 metric tons (about 187,000 tons) of spent nuclear fuel — about twice as much as the current capacity in the U.S., according to the news outlet. That feature makes it an attractive destination for Holtec, which wants to transport thousands of canisters of radioactive refuse from around the country to Lea County and temporarily store the containers underground."
So Sewie you can save the world from 40,000 barrels per day of evil carbon spewing waste and the consequential ravages of global warming or store the waste left over from the production of life saving carbon free energy in an old oil field that ensures any residual oil is kept in the ground.
SLX Price at posting:
$4.89 Sentiment: Buy Disclosure: Held
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