The Federal Helium Reserve, which supplies roughly 40% of the world’s helium, was not sold off in 2021 as planned. As its fate remains uncertain, scientists hope the reserve will stay in government hands.
on Saturday after passing over the northern U.S. earlier in the week, was a helium balloon.
The value of the reserve, Hayes said, also extends to the unique and natural formation in which the helium is stored. The dolomite structure, a massive cave-like formation situated beneath two layers of salt that act as a cap, enables the reserve to do what virtually no other known place in the world can do: store helium long term.
“For the last century, we’re the only ones who have had a container like this one for helium,” Hayes said. “It makes no sense to sell off this infrastructure.” NBC News reached out to both the BLM and the GSA for comment on the status of the sale of the Federal Helium Reserve. The former referred all questions to the latter, which did not respond to the inquiries.
“The world has experienced eight years of helium shortage in the last 17. It’s been a pretty unreliable supply chain,” he said, noting war in Ukraine has indefinitely disrupted Russia’s supply of helium to the global marketplace. “The prices of helium in many cases have doubled since January 2022. Contract prices have increased 50 to 100%, in some cases, even more.”“I would definitely be in favor of putting the sale of the Federal Helium Reserve on at least a temporary hold,” he said.
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