Congress Reaches Agreement ... On Helium
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Despite the wrangling that's resulted in a government shut-down, Congress managed last week to agree on one thing: Helium. Reader gbrumfiel writes: "The U.S. holds vast helium reserves which it sells to scientists and private industry. According to NPR, a new law was needed to allow the helium to continue to flow. Congress passed it late last week, but only after a year-long lobbying effort and intense debate (and in the end, Senator Ted Cruz opposed the measure). Can a new bipartisanship rise out of this cooperation? Or will hot air prevail on Capitol Hill? (Insert your helium joke here.)" Apparently, helium is not yet so scarce that it's not available in balloons at the grocery store.
Balloons (Score:4, Informative)
Children's balloons use recycled or low grade helium which can't be used for other more worthy purposes. It's not really a waste.
Re:Forgive my ignorance (Score:5, Informative)
The US has maintained the Strategic Helium Reserve for about ninety years. http://en.wikipedia.org/wiki/National_Helium_Reserve [wikipedia.org]
Re:renewable resource (Score:5, Informative)
Helium isn't produced from natural gas, it's found trapped underground in natural gas fields. So unless you can power a hydrogen fusion plant with renewable natural gas, we only have what we can find in the ground for the time being.
Re:Dispensing our reserves? (Score:5, Informative)
This is one reason why the U.S. has per capita medical spending several times that of the rest of the developed world.
Re:Balloons (Score:5, Informative)
Re:renewable resource (Score:5, Informative)
you are free associating and winding up at an incongruous thought
helium is associated only with old, deep natural gas deposits. it collects there because radioactive elements decay deep in the earth, releasing helium, and that helium has to go somewhere. if it doesn't percolate up and vent into the atmosphere, it collects with likewise entrapped methane gas deposits
meanwhile, natural gas from landfills would not have this helium, as it is a much more shallow and much more recent source of methane, it hasn't been around long enough to gather very slowly formed byproducts of radioactive decay
Re:renewable resource (Score:3, Informative)
Helium isn't produced from natural gas, it's found trapped underground in natural gas fields. So unless you can power a hydrogen fusion plant with renewable natural gas, we only have what we can find in the ground for the time being.
OTOH, the earth creates a great deal of new helium every year, as a byproduct of the decay of various radioactive elements in the crust and core. It's not an unlimited resource, but neither is it something we're easily going to deplete even though close to 100% of the helium we use for various purposes ends up being released into the atmosphere and floats off into space.
Re:Helium is not scarce at all (Score:4, Informative)
To be somewhat more precise, there isn't a mandated price, in the sense of formal price controls. But the federal helium reserve accumulated huge stockpiles, and has been slowly selling them off since 1996, which has kept the price low by flooding the market. On the one hand, that discourages private investment, but on the other hand, it's not clear it's entirely a bad thing: if we don't actually need this helium reserve lying around forever, selling it off slowly seems like a reasonable thing to do.