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Invest in Uranium Though for a shorter time period, nuclear energy is the most convenient solution for the over use of fossil fuels. East Asian countries like Russia and India are aggressively working towards their new nuclear plant construction programs. The United Nations is also working towards resuming the construction of new nuclear power plant, which has been put on hold for more than 25 years. This can be called the renaissance of nuclear energy. A track to develop the use of nuclear energy in the near term by making more proficient processes of attaining extensions of licenses to function existing nuclear plants and of obtaining licenses to build new nuclear facilities was issued by U.S. in 2001.The NEP wanted to support nuclear energy use through the demonstration, development and deployment of next-generation nuclear power technologies. Notably, it intended at attaining this goal through research and development of advanced fuel cycles which could prove to be cleaner, more efficient, less waste intensive, and more proliferation resistant than a single-use nuclear fuel, that necessitates geologic disposal of the used fuel. As a result of nuclear being an alternative to fossil fuels the price of Uranium has augmented radically and persists to rise at an incredible rate. In early 2003, the price of uranium was approximately $10.75 per pound. The price had risen to approximately $45.00 per pound by mid 2006. In early 2007 the price came near $100.00 per pound.