magazine has been reporting on the world's
helium supply shortage
couple years. It seems incredible that the element our sun creates at
a rate of millions of cubic feet per minute by way of a
process is actually becoming scarce on Earth. Helium, element #2 in
, was discovered on the sun via spectral analysis before it
was found terrestrially. Magnetic Resonance Imaging (MRI
machines are the largest users of helium (22%), followed by welding
operations (17%), electronics and cooling cooling applications (14%),
pressurization (11%), party balloons (8%), and various other uses. The
world could arguably get along without floating party balloons; in fact,
using hydrogen (infinitely abundant) in lieu of helium would still produce
floatation and could make for real Hindenburg-like excitement when gotten
too close to birthday cake candles. ...but I digress.
part about the short story that appeared in the August 2013 issue is
the chart (see thumbnail) which plots the price of helium (adjusted
for constant dollars) versus the world's production of helium, created
by author Katie Peek. It also has key dates and events highlighted.
The line looks a lot like random walking exhibited by Brownian motion,
but in fact the behavior has been governed by a mix of technical innovation,
geographic exploration, capitalism, and maybe most profoundly by government
policies. You can see on the chart how currently the price of helium
is skyrocketing, and as with way too many other products, America's
share of worldwide production is shrinking rapidly. The path is anything
but random. Exploration and mining of all sorts has been impacted significantly
in a negative manner by Environmental Protection Agency (EPA) regulations.
They're serious about enforcement, too, as evidenced by their
stocking of ammunition
for their agents (similar to the
Internal Revenue Service
Department of Energy
Social Security Administration
National Oceanic and Atmospheric Administration
, and other federal
"We're from the Government, and we're here to help."
(Katie Peek, August 2013 Popular
helium shortage articles from
As Shortage Worsens, We Visit the Federal Helium Reserve
Why Is There a Helium Shortage?
Posted August 8, 2013