The guy who figures out how to treat and use nuclear waste will become a billionaire.

They already know how. The issue is that we are more willing to bury the "spent" fuel than to reprocess it on site. Yes, the amount of fuel will get lower but significantly less will need to be buried away or transported. The technology exists. We just need the will to use it.

In regard to Dick's statement above about the reactivity of ethanol, anyone who has had a plastic fuel tank or lines rot out has discovered the truth of this statement. It did not used to happen prior to ethanol diluted fuel. Our vehicle fuel systems were not originally designed to use this stuff and the owner's manuals said so explicitly.