Uranium is the feed-stock for nuclear power. It is also the material necessary to make nuclear bombs and making isotopes for medicinal and industrial uses.
The United States has 245,000 tons of Uranium reserves recoverable at less than $100 per kilogram, 1.9% of the world total. The price of uranium oxide is today about $80 per kilogram. This is about 12.5 years worth of domestic production, and as the great conservationist Sarah Palin used to quip, “when it is gone, it’s gone.”
The United States has, as of 2019, mined 444,500 tons of Uranium, or about 13% of the world total.
The United States consumed in 2019 19,570 tons of Uranium, about 23% of the world total, about 99.6% of which was imported. This is a great strategic vulnerability.
Which brings up the following question: Why did the Obama administration sell 20% of our proven reserves of this strategically important material to Russia?
It is of utmost importance to immediately restart the development of nuclear reactors that use Thorium as its feed-stock. Uranium based nuclear power can never fill our long term energy needs