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Helium Shortage?

Written by Cincinnati Test Systems | Apr 24, 2012 2:13:00 PM

Helium Shortage?

One of the most abundant elements in the universe is getting harder to come by.

Helium goes into a lot more than balloons. Helium gas is inert and has extreme melting and boiling points—both near absolute zero—scientists use it in cryogenics, high-energy accelerators, arc welding, and Leak Testing. A severe reduction in the availability of helium will cause manufacturers to pay higher prices.

The federal government, which sets helium prices, announced in April that helium prices would spike from $75.75 per thousand cubic feet (Mcf) in FY 2012 to $84 per Mcf in FY 2013. (Last year, prices rose only 75 cents.) This price spike, along with uncertain federal policy (and a peculiar industry setup to begin with), is threatening to create a shortage.

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