The Nuclear Side of the Moon

Baltimore, MD – By 2050, the world will have an estimated population of 12 billion people. The demand for energy will be enormous. But one solution to the world’s long-term energy demands may be 239,000 miles away.

The world is desperately looking for an heir to oil. Among the contenders is the nuclear option.

And the nuclear boom has already started. Uranium prices have increased dramatically. Prices may even reach $100/pound before 2007 is over. Also, current uranium production cannot meet demand. So Australia, holding 40% of the world’s reserves, is beginning to open up new property for development.

By 2050, the world will need about 900 nuclear plants to satisfy its energy requirements. Japan plans to build five by 2010, China expects 30 before 2020, and India already has 9 under construction. Even Canada is refurbishing over two dozen of its facilities. The 103 nuclear plants in the U.S. supply nearly 20% of our electricity.

But the solution I was referring to is a different kind of nuclear power – nuclear fusion.

Energy and Capital