Buffet to Iran - Come Get Your Nuclear Fuel

I can't tell if this is totally brilliant or totally stupid. Warren Buffet promises Iran to be supplier of last resort for nuclear fuel.

As tensions continue to creep higher between the United States and Iran concerning access to nuclear power, one thing is becoming very clear, and that’ that it will be very difficult to impede Iran’s efforts diplomatically with or without the United Nations. This is because the Nuclear Nonproliferation Treaty guarantees all members in good standing the right to produce their own nuclear reactor. However, an ominous cloud still remains intact: no matter how you slice it, the same technology that can generate fuel for a nuclear reactor can also produce the core of a nuclear explosive.

A new twist has been added to this potentially dangerous situation as the second richest man on the planet, Warren Buffet, who is also known for his philanthropy, recently pledged $50 million for a fuel bank. The bank would be managed by the International Atomic Energy Agency to be a supplier of last resort for any nation that elects not to endeavor into the risky and dangerous reactor fuel business and gets the agency’s seal of approval.

Currently, nations argue that if they do not possess their own fuel facilities, they can easily be coerced or blackmailed by foreign suppliers with whom they may have political unrest. Despite Iran clearly being exposed in lies about their program, any suggestion about a nuclear cartel still resounds loudly in the nuclear have-nots corner.

Warren Buffet who has put in a lot of work for the nonprofit organization Nuclear Threat Initiative, which is headed by former longtime Senator Sam Nunn indicated that his $50 million would not be turned over unless governments around the globe come up with $100 million of their own either in cash or fuel.

So despite Iranian lies there are still well meaning people who want to give Iran nuclear fuel. What are these fools thinking? And Sam Nunn? He ought to know better.