Vietnam has drawn up plans to mine local uranium for its first civilian nuclear power plant, which is expected to come online in 2020.

According to Bloomberg, the project aims to extract about 8,000 metric tons of uranium octaoxide from the central province of Quang Nam.

“If coal is the short-term solution to the world’s energy needs, uranium is the long-term play,” says Jason Simpkins in Money Morning.

With oil prices nearing $120 a barrel following supply outages in Nigeria and the North Sea, one oil price prediction is looking scarily accurate.

In December, Money Morning Investment Director Keith Fitz-Gerald publicly forecast that oil prices will reach $187 a barrel within three years. In mid-March, he reiterated this projection.