Where does the Thorium come from and how abundant is it?
Where does the Thorium come from and how abundant is it?
http://www.forbes.com/sites/energysource/2012/02/16/the-thin...
[Edit] corrected use of "fissile" -> "fertile"
While strictly correct, this is extremely misleading. Current resources would be exhausted in a decade, but resources are defined as the known deposits extractable under current market prices. Should we actually start using a lot of uranium, the price would spike, which would lead to a lot more deposits becoming economically available. This has almost no effect on the cost of nuclear power, as the cost of the raw uranium isn't a large part of the cost of producing power.
The end game there is when the price rises sufficiently for extraction from seawater becoming profitable. The world's seas have ~1000 times more uranium than conventional ground-based resources.
Nuclear fuels will not run out in this millennium.
http://en.wikipedia.org/wiki/Uranium_mining#Recovery_from_se...
For a real comparison, you should look at fast reactors, which use the rest of the uranium. That takes your estimate up to about a thousand years. But the estimate is looking at economically recoverable reserves, and if the same ore produces a hundred times as much energy, a lot more becomes economically recoverable.
Thorium would be 3-4 times more abundant than that. (But if seawater extraction works out, uranium will have the advantage again.)
If there ever appears a new intelligent civilization millions of years after humanity, they'll be very disappointed to be on an Earth without any Uranium or Thorium!
Uranium will simply not run out. The "10 years" figure stems entirely from misunderstanding what the word "reserve" means in mining.
Also, there is 3-4 times more natural thorium than natural uranium. Of natural uranium only 0.7% is U-235, which is useful in a traditional reactor. Breeders can use all of it. Thorium reactors are all breeders. Assuming only resources extractable at current market prices, using uranium breeders the reserves would last ~1400 years and the thorium reserves would last ~5k years.