A Poor Choice Of Metaphor

A Geology Professor says South Australia could become the next Saudi Arabia:

"Where we mine it, we convert it into yellow cake, we create the fuel rods, we lease these fuel rods to the major western countries that are wanting to use nuclear power. We take the fuel rods back, we clean them up and we dispose of the waste. That would make South Australia the Saudi Arabia of the energy world. That would give South Australia control of the world's uranium instead of us relying on unstable parts of the world for our petroleum energy."

Of course, Saudi Arabia is a repressive state where oil wealth is jealously guarded by a globe-trotting elite. I wonder what Lord Down thinks of the idea?