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Word: aec (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
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Usage:

...boom in uranium? How long will it last? Last week, for the first time, the Atomic Energy Commission gave businessmen a dazzling glimpse into uranium's future. After "phenomenal development" in discovery and mining since 1948, said AEC's Raw Materials Chief Jesse Johnson, uranium prospecting, mining, milling and construction have become a $100 million-a-year operation. The U.S., which imported 90% of its uranium ore before the Korean war, may soon become the world's biggest uranium producer...

Author: /time Magazine | Title: MINING: The Future of Uranium | 2/14/1955 | See Source »

...peak in sight. Despite the upswing in uranium strikes (TIME. Jan. 31), AEC needs still more ore, estimates that most known deposits will be exhausted by 1962. Said Johnson: "A high rate of discovery will be required to maintain scheduled production levels." Although at least twelve ore deposits containing 100.000 or more tons each have been discovered since 1948 (v. three up to then), mining has climbed even faster. Seven years ago the U.S. had 15 small mines with a total of 50 employees; now it has more than 800 sizable mines with more than 4,000 employees...

Author: /time Magazine | Title: MINING: The Future of Uranium | 2/14/1955 | See Source »

...AEC, which plans to buy all uranium ore mined until at least 1962, is considering a longer-range government buying program "to cover a period between the defense market and a commercial market of reasonable size." Even low-grade ore may turn out to be profitable, said Johnson, because "these deposits may be called upon to supply the nuclear fuel for future industrial power...

Author: /time Magazine | Title: MINING: The Future of Uranium | 2/14/1955 | See Source »

...effect of the committee's action was to throw up such a legal dust storm that the air may never clear, thus forcing both Dixon-Yates and AEC to cancel the contract. The Democrats say that the previous committee had no right to grant a waiver while Congress was out of session. Thus, by rescinding the waiver, the contract is right back where it started and must now lie before the Joint Committee for 30 days...

Author: /time Magazine | Title: UTILITIES: Death for Dixon-Yates? | 2/7/1955 | See Source »

...face of the committee's resolution, Democrats hoped that AEC would drop the contract. But even if AEC decides to go ahead with the contract, so many legal questions have been stirred up over the waivers and other provisions that a long and costly court battle would be inevitable. Exulted a Democrat on the Joint Committee last week: "All Dixon-Yates has got now is a law suit...

Author: /time Magazine | Title: UTILITIES: Death for Dixon-Yates? | 2/7/1955 | See Source »

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