Nuclear power is recognized as a practical, inexpensive and clean (emission-free) source of energy. As a key ingredient in the generation of nuclear power, uranium is widely accepted as the fuel of the future. As a fuel, it is long-lasting and emissions-free; one tonne of natural uranium produces more than 40 million kilowatt hours of electricity and is equivalent to burning 16,000 tonnes of coal, or 80,000 barrels of oil.

Today’s nuclear energy production saves around 2.4 billion tonnes of carbon dioxide emissions per year that would otherwise be caused by coal-fired generation of energy.

In early 2003, the price of uranium was approximately $10.75 per pound. Currently, the price has risen to approximately $113.00 per pound. 
      Ux U3O8 Prices*April 9, 2007 Spot: US$113.00/lb (+18.00)
http://www.uxc.com/

Driving this demand is the renaissance of nuclear power, seen as a clean, reliable, base-load generating technology. Growth in energy needs, combined with environmental concerns over energy produced from fossil fuels is expected to continue to push future demand for nuclear power even higher.