Charles also discusses the needs and issues of a comprehensive national energy policy.
This information is crossposted at thoriumenergy
"Thorium Power, Inc. has told me that they already have the technology to “switch over” from uranium to thorium more than 60% of the reactors in use today in the world."
"They said that a switched over or built from the ground up thorium powered reactor has for the “blanket” a total of three times the life of a uranium powered reactor. This would mean that the savings during the first fuel cycles will pay for the changeover in the case of a “retrofit.” The core can be used to burn fissionable grade plutonium to non weapons grade material while the blanket will be made from thorium and uranium-233, not 238, so that no weapons grade plutonium-239 can be produced in the reactor."
U.S. Department of Energy's Idaho National Laboratory, in partnership with three other science and engineering powerhouses, reached a major domestic milestone relating to nuclear fuel performance on March 8.
The research to improve the performance of coated-particle nuclear fuel met an important milestone by reaching a burnup of 9 percent without any fuel failure. The team has now set its sights on reaching its next major milestone -- achievement of a 12-14 percent burnup* expected later this calendar year. 
Burnup rates in most commercial nuclear reactors is 0.7-2% of the fuel that is put into the reactors.
Maximum capsule burn-up > 18 % FIMA (172.8 GWd/t) Fuel Stack
134.5 GWd/t 14%
GWd/t is Gigawatts per day per ton of fuel. 14% burnup is about 134.5 GW days per ton of fuel.
Most current reactors are in the 20-50 GWd/t range.
India has finished the design of thorium nuclear reactor and expect to start building it this year (2008).
144 page pdf on using thorium in nuclear reactors. Year 2000 study from the IAEA
Technical publications related to Thorium Powers fuel technology.