Two young graduate students describe their plans to develop something called the Waste Annihilating Molten Salt Reactor (WAMSR). The biggest applause line in the talk was the following:
Right now in the world there are about 270,000 metric tons of high level waste that exists. We can take that waste, put it into our reactors and produce enough electricity to power the entire world for 72 years. And that is even taking into account increasing demand.