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Why the World Is Running Out of Helium

August 23rd, 2010 08:10 admin Leave a comment Go to comments

jamie writes “The US National Helium Reserve stores a billion cubic meters of helium, half the world supply, in an old natural gasfield. The array of pipes and mines runs 200 miles from Texas to Kansas. In the name of deficit reduction, we’re selling it all off for cheap. Physics professor and Nobel laureate Robert Richardson says: ‘In 1996, the US Congress decided to sell off the strategic reserve and the consequence was that the market was swelled with cheap helium because its price was not determined by the market. The motivation was to sell it all by 2015. The basic problem is that helium is too cheap. The Earth is 4.7 billion years old and it has taken that long to accumulate our helium reserves, which we will dissipate in about 100 years. One generation does not have the right to determine availability forever.’ Another view is The Impact of Selling the Federal Helium Reserve, the government study from 10 years ago that suggested the government’s price would end up being over market value by 25% — but cautioned that this was based on the assumption that demand would grow slowly, and urged periodic reviews of the state of the industry.”

Source: Why the World Is Running Out of Helium

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