Helium-The crisis that was solved before it took hold

Worldwide, our usage of Helium grows year on year. From MRI scanners in medical facilities, nuclear reactors and even party balloons. Helium is not a resource we can simply create more of – The gas is formed during the natural radioactive decay of Uranium. It has also not been a focus of exploration for many years, despite looming shortages worldwide. This is due, in part, to the selling of huge Helium reserves by the United States – Estimated to be about 40 percent of the total market supply. The United States began stockpiling the rare gas in the early 1960’s, as a buffer against future shortfalls. However, in 1996 an act passed (“The Helium Privatization Act”) prevented the Government from […]

Continue Reading