Dr. Conca indicates that the common wisdom, that limited uranium supplies will prevent a substantial increase in nuclear energy, is incorrect. We have plenty of uranium, enough for the next 10,000 years. But uranium supplies are governed by the same market forces as any other commodity, and projections only include what is cost-effective today. Like natural gas, numerous sources of uranium abound.
The worlds fastest-growing energy sources are renewables and nuclear, but both are only increasing by 2.5% per year. Fossil fuels, however, will still be supplying well over 70% of the world energy consumption through mid-century unless China and India increase new nuclear power plant construction in place of coal plants, and renewables grow much much more than projected.
Natural gas is the fastest-growing fossil fuel, as global supplies from tight sands, gas shales, and coalbed methane increase (EIA detail). Coal is expected to decrease as a source of power generation as natural gas, nuclear, and renewable energy increase.
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Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-