The Nuclear Regulatory Commission anticipates license applications for 31 new nuclear reactors in the United States over the next 10 to 15 years. That rise in demand, along with certainty of shrinking recycled material, has spurred dozens of companies to initiate what can be a three- to four-year permitting process for new mining and refining facilities.

The US, China dan India and other nations expected become on nuclear energy. From global warming arena, uranium or nuclear energy spent fuel and safety, demand for nuclear energy rises on the same supply-and-demand fundamental as other energy resource.

Global demand for oil has grown 1.5 percennt per year in recent years, while production trails by 0.2 percent.

Had uranium market fundamentals been let alone during the past 17 years, it would be on the same incremental climb as coal and natural gas. Instead, the market has gone from the extremely noncommercial price of $10 per pound of uranium oxide in 2000 to more than $140 in 2006.

Following statement from Steve Kerekes, spokesman for the Nuclear Energy Institute.

“The Megatons to Megawatts program expires in 2013, so obviously there are some questions about what will happen in regard to supplies after that date.”