This infographic covers the history of uranium, its properties, the supply and demand forecasts, the advantages and disadvantages of nuclear power, uranium as an energy source, and military applications.
The following infographic is by VisualCapitalist.com courtesy of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (sample here).
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As the world approaches ‘Peak Oil’ crude oil usage will begin to be rationed more and more and the world will turn to nuclear energy to meets its energy needs. As such, expect both oil and uranium to surpass their previous record levels of US$147 per barrel and US$140 per pound, respectively, within the next 2-3 years. Let me explain why.
There are 436 nuclear power reactors operating in 30 countries around the world today, providing approximately 15% of the world’s electricity, and according to the World Nuclear Association, another 50 power reactors are currently being constructed in 14 countries with over 130 more power reactors being planned and 250 more being proposed. Talk about a growing industry!
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