Energy security and uranium reserves

“… Assuming world nuclear generating capacity remains at 2005 levels, after about 2016 the mean grade of uranium ore will fall significantly from today’s levels, and even more so after 2034. After about 60 years the world nuclear power system will fall off the ‘Energy Cliff’ – meaning that the nuclear system will consume as much energy as can be generated from the uranium fuel. Whether large and new uranium ore deposits will be found or not is unknown.”

Oxford Research Group