The outlook for Oil in long term planning is at best doubtful or very expensive.

And now with the opposition to the use of Nuclear Reactors very much subsided, many countries are resorting to building new power stations:

"Who uses nuclear power?
Over 16% of the world's electricity is generated from uranium in nuclear reactors. This amounts to about 2400 billion kWh each year, as much as from all sources of electricity worldwide in 1960.

In a current perspective, it is twelve times Australia's or South Africa's total electricity production, five times India's, twice China's and 500 times Kenya's total.

It comes from over 430 nuclear reactors with a total output capacity of more than 350 000 megawatts (MWe) operating in 31 countries. A further thirty reactors are under construction, and another 70 are on the drawing board":
http://www.uic.com.au/uran.htm

"The main uranium deposits can be found in Australia (28%), Canada (14%) and Kazakhstan 15%".
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The price of U3O8 is slowly rising after a strong advance some time ago and is now $US20.50/lb:
http://www.uxc.com/review/uxc_prices.html

Gerry