Peak Uranium
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Peak uranium is the point in time at which the maximum global uranium production rate is reached, after which the rate of production enters its terminal decline. Like fossil fuels, uranium is a finite resource used for producing Nuclear power and Nuclear weapons.<ref>Template:Cite web</ref> In his 1956 landmark paper, M. King Hubbert wrote "There is promise, however, provided mankind can solve its international problems and not destroy itself with nuclear weapons, and provided world population (which is now expanding at such a rate as to double in less than a century) can somehow be brought under control, that we may at last have found an energy supply adequate for our needs for at least the next few centuries of the "foreseeable future.""<ref>Template:Cite web</ref> Hubbert predicted peaks like Peak oil, coal, natural gas, and uranium.
As the rate of uranium production peaks and begins to fall in one country after another, the demand for uranium continues to grow due to an increased demand for electricity and industrialization requiring the construction of more nuclear power plants. Several technologies have been proposed to increase the efficiency of nuclear reactors and extend the fuel. It is thought that thorium may be a viable alternative to uranium. Due to rising costs of uranium and possibly thorium, other more cost efficient sources of energy will have to be found.