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Why the World Is Running Out of Helium
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."
I like how we can talk about peak helium but the second you try to discuss peak oil or peak coal you're a treehugger, an alarmist or trying to destroy the economy. I guess we have to wait until we're certain we're only a century away from using the last of a resource that took the Earth 4.7 billion years to accumulate before it's okay to start to talk about appropriate measures ...
My work here is dung.
Apparently, they forgot that without a large supply of helium operating their favorite cash cow, the manned space flight program, would become a lot harder. There are also many scientific applications that are virtually impossible without helium, with its boiling point at 4.1 Kelvin. Hydrogen, at 14 Kelvin, is not a perfect replacement, and has a tendency to explode. They really ought to be inflating the price, so we learn to conserve helium now while we still have plenty left.
Pet peeve wrt the summary, which quotes Richardson as saying that the price was low because a lot of helium became available, which meant that the "price was not determined by the market."
But this is what markets do, they use the power of pricing to set the balance between supply and demand. If you introduce a large additional supply of a resource with low marginal cost to a market, the market's price mechanism will reduce the price of that resource. The market will determine a low price.
The observed behavior wrt the price of Helium is the opposite of "not determined by the market".
There are enough flame wars around about the merits of markets as a means of determining prices, and IMHO they have their limits, but FFS, can we at least have educated professionals know what a market is and what it does? Markets are pitiless, soulless mechanisms for matching up buyers and sellers of resources, and disclosing price information, period full stop. They have no a priori relationship to fairness, justice, accessibility, or legality, and only a tangential relationship to efficiency.
2*3*3*3*3*11*251
Not only that. It was a strategic reserve for something we do not USE, blimps. Yes blimps. It was created so the USAF and Army would have a place to get helium for blimps. What both of those forces quickly realized is blimps are sitting air targets with any sort of SAM.
What most of these guys are seeing is a end to the mega cheap way of getting helium and are thinking it will cost them 25% or more to get. They want the Gov to get back into the field of getting them cheap helium.
Helium still has its place in the national defense. However, does it really need such a large operation to do so at this point in time?
When the strategic reserve was made it made sense to build. Not so much anymore.
It had, and is, creating a crazy depression in the market of what helium is worth with tax payers eating the cost. After 2015 when it is scheduled to run out you will see things like party balloons go way up in price. As that will be the comodities market over reacting. Then it will under bounce then wavy back and forth until we end up with a stable price.
Does having cheap helium today help with things? Yes. Long term however it is not tax payer sustainable. In this case it is not a matter of building infrastructure to help everyone. It is providing a small group a cheap good. They can bear the burden of the cost as they also get all the reward...
Great post. There is some great basic information about the Element at Helium Facts that might be helpful. Where as I think balloons are part of the issue that article shows many other used for helium that might be contributing to the idea that we are running out of the gas. Some include as an inert gas shield for arc welding, a protective gas in growing silicon and germanium crystals and producing titanium and zirconium, as a cooling medium for nuclear reactors, and as a gas for supersonic wind tunnels.
"One generation does not have the right to determine availability for ever.", eh? Helium, eh? Let us all form a circle and talk about how we should all help save the helium for our grandchildren and ignore that we already used up more than half the oil, plutonium and other important energy sources. And copper. And we are killing off a whole range of biological diversity. But let us all ignore that and talk about the helium.
9/11: Never forget it was a false-flag operation
Funny how helium is one of the most abundant elements in the whole UNIVERSE and we have a shortage!!!
of course, the problem is gravity here is not strong enough for it
how long until
Even if we're in no immediate danger of running out, we're still living on a planet with finite resources. It makes sense to concern ourselves with what happens when those resources run out.
Your basic blimp is also slow, can't carry much weight, and can't deal with storms very well.
Umm.... It leaves the earth. You know is is lighter than air so it goes up and away.
It is not like Oxygen, or Argon, or Neon, or Nitrogen.
It also isn't like Hydrogen which when released is so reactive that a good a precentage will combine with other elements and tend to stick around.
So yes it is pretty much gone.
See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
No; the thermal velocity of a molecule is srqt(<v^2>) = sqrt(3kT/m), with k Boltzmann's constant and m the molecular mass. At room temperature (293 K), this velocity is 1.35 km/s, while the escape velocity is 11 km/s. (By the way, for nitrogen, the thermal velocity is 0.51 km/s). Statistical mechanics predicts that only one molecule in 10^29 has a velocity exceeding the escape velocity of the earth.
However, it is true that helium will reach farther than nitrogen and oxygen; the gravitational potential energy is comparable to the thermal energy at an altitude of 62 km (compare 9 km for nitrogen).
I'm not sure what does cause the helium loss; maybe the helium gets blown away by the solar wind?
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