Helium Crisis Approaching

vrmlguy writes "Within nine years the National Helium Reserve will be depleted, according to an article in Science Daily. It quotes Dr. Lee Sobotka, of Washington University in St. Louis: 'Helium is non-renewable and irreplaceable. Its properties are unique and unlike hydrocarbon fuels (natural gas or oil), there are no biosynthetic ways to make an alternative to helium. All should make better efforts to recycle it.' (The St. Louis Post-Dispatch has a local article with quotes from Dr. Sobotka and representatives of the balloon industry.) On Earth, Helium is found mixed with natural gas, but few producers capture it. Extracting it from the atmosphere is not cost-effective. The US created a stockpile, the National Helium Reserve, in 1925 for use by military dirigibles, but stopped stockpiling it in 1995 as a cost-saving measure."

Comments

Where's the problem?

[GreatBunzinni]

Could someone please explain how exactly is there a crisis? I mean, the article states that the only thing that is happening is that the US national helium reserve is being depleted, an artificial stockpile program that stopped stockpiling due to being too expensive. Then it is stated that there are plenty sources of helium but no one bothers to take advantage of them due to the fact that at the moment it simply does not make anyone any money. So, to sum things up, no one bothers to store helium because it isn't cost effective and no one bothers to mine helium because there isn't any money to be made by it.

Doesn't that mean that the offer outweighs the demand by a landslide? Doesn't this mean that there were a lot of people smooching the US national helium reserve for a long time?

Peak Everything

[Ralph Spoilsport]

As a civilisation we are facing Peak Everything a century of resource decline in the face of population expansion.

It's not the End of the World, but you can see it from here, and if we're not careful Things Could Go Poorly. The problem is the smartest people around think "technology" will fix the "resource" problem. Given unlimited energy and resources, perhaps this is true, but we don't live in a world where there are unlimited resources. So, if we're at the top of the heap - look around you: this is as good as it gets.

RS

Re:Peak Everything

[tgd]

While it sounds noble to talk about space travel, and at once level you're right, comparing what we did as a species 40 years ago and what we'd need to do to really utilize those resources on Earth is like saying getting into orbit is easy because the Chinese invented rockets two thousand years ago.

Do take a stroll by any of your local industrial plants -- doesn't matter what it is. Steel, say. Or a gas liquification plant. Now figure out how you're going to get all of that into space. Not orbit, you need it orbiting the sun, not the Earth because the stuff you're talking about what we want isn't floating around around the earth. Now figure out how you're going to shield it from radiation, and feed the hundreds of employees. And keep in mind all of that capacity is to produce something for a regional demand, not a global demand.

Even when you've got it, now figure out how you're going to get it back down to the ground. (We'll ignore the fact that most of the resources are tied up in other gravity wells...)

Your statement may be intellectually correct, but its about as realistic as sitting in the jungles of central america 12,000 years ago and taking solice in the availability of some resource you need, buried a mile inside of Everest and nowhere else.

Re:Peak Everything

[moosesocks]

Our understanding of Physics and Geology is undisputedly the best that it ever has been. One could even argue that our understanding of physical phenomena that occur for "human-sized" systems is nearly complete.

Granted, we still have a long ways to go in terms of exploiting those laws of physics to generate energy/resources, but the fact remains that our "catalogue" of Earth's natural resources is largely complete.

We know what materials are available to us, we know which of those materials can be used to generate energy, and we know that we're quickly running out of all of them. Although Nuclear fusion/fission offer the promise of "turning nothing into something", even our current supply of fissile material is most certainly finite (and we must take great care to properly re-process and re-use spent fuel).

I'd love to be proven wrong, but I'm really not sure we're going to uncover any magical new energy sources in the near future. Fusion research should of course be pursued (preferably funding several different designs, as there are quite a few worthy candidates), although every current indication shows that viable Fusion generation is going to be *really* *really* difficult, even if we do figure out how to sustain the reaction.

Re:What?

[Jeff DeMaagd]

I don't think our society remembers being in a time of shortage - and I think that's a problem. It's easy to consume and throw away things if you don't think there will be a problem in getting more, and that attitude is pretty wasteful.

Supply and demand

[Anonymous Coward]

TFA says few natural gas producers recover the helium from their wells. If the price of helium rises due to scarcity, those producers will recover the helium. Problem solved.

Re:This is a capitalist economy

[Rich0]

Actually - Capitalism can solve this problem rather readily. The problem is that the US government subsidized Helium so that it is dirt cheap, so it is used in situations where it isn't essential.

Natural gas producers throw it away because it costs more to make than you can sell it for. The only reason for that is the US used to pay $5/liter for it and sells it for $1/liter and no longer buys it. (I made up those numbers - they're just illustrative but reflect the problem.)

Assuming there is a decent amount left underground once the shortage becomes acute people will be willing to pay more for helium. Once the market value raises above the cost to produce it people who dig it up will stop throwing it away. At that part the market would regulate its own helium supply/demand.

There really aren't any externalities in this market that I can see (unlike with fossil fuels - where pollution/CO2 needs to be accounted for) - so there is no reason the market wouldn't work. The main reason it isn't working now is because somebody messed with the market for the last 50 years and it will take some time to correct...