AMC

Uranium: Red Hot Yellow Cake

There isn't a power source available in terms of energy yield and constant power generation that can sit in company with nuclear energy aside from fossil fuels. However, burning fossil fuels is the cause of our environmental concerns and as we all know, they are in diminishing supply. In fact, the IEA is conducting a study of the worlds 400 largest oil fields and are expected to find that the supply is FAR LESS than previously expected. I for one am nervous to find out the result (but happy for my nuclear energy portfolio!).

While vehicles and general transport is slowly replaced by more environmentally friendly means (hydrogen, cellulosic ethanol, electric, ceramic engines), we need a power source that can power large city grids. There might be enough coal out there to power America for centuries to come but we would then subject ourselves to acid rain, intollerable drinking water and thick clouds of smog (anyone seen what China's cities have become?). Nuclear power is the answer and the rest of the word sees it except the U.S.

While China, India, France and many others continue to make advances in nuclear energy and build new reactors to satisfy their power needs, we sit on our hands- ignoring the inevitable. I fear such idle waiting will lead to the next great war as nations around the world begin hoarding oil and natural gas while prohibiting their export. Consider if you will how much oil the United States of America consumes and how much of that oil must be imported. Imagine taking that away and what lengths we would go to in order to ensure the great machine doesn't come to a grinding holt. A scary prospect my friends!!