The next generation of nuclear reactors will not need huge amounts of uranium. As the uranium price goes up, at some point the industry will switch to "fast breeder nuclear reactors, which virtually make their own isotopes of uranium. It is far cheaper to run than present day reactors.
Google it and find out why. Here is what Wikipedia has to say. Google the term and find out all about it.
A nuclear reactor is a device in which nuclear chain reactions are initiated, controlled, and sustained at a steady rate (as opposed to a nuclear bomb, in which the chain reaction occurs in a fraction of a second and is completely uncontrolled).
Nuclear reactors are used for many purposes. The most significant current use is for the generation of electrical power (see nuclear power). Research reactors are used for radioisotope production and for beamline experiments with free neutrons. Historically, the first use of nuclear reactors was the production of weapons grade plutonium for nuclear weapons. Another military use is submarine / ship propulsion (Though this involves a much smaller nuclear reactor than the one used in a nuclear power plant).
Currently all commercial nuclear reactors are based on nuclear fission, and are considered by some to be a safe and pollution-free method of generating electricity. Conversely, some consider nuclear reactors problematic for their safety, and health risks, or for the risk of nuclear proliferation.
Fusion power is an experimental technology based on nuclear fusion instead of fission. There are other devices in which nuclear reactions occur in a controlled fashion, including radioisotope thermoelectric generators and atomic batteries, which generate heat and power by exploiting passive radioactive decay, as well as Farnsworth-Hirsch fusors, in which controlled nuclear fusion is used to produce neutron radiation.
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