IPFS News Link • Economy - Economics USA
On The Looming Federal 'Helium' Reserve Cliff (No, Really!)
• http://www.zerohedge.com, by Tyler DurdenBut it’s the short side of the story – a potential global helium shortage – which has re-piqued my interest this week. The story goes that the US has been stockpiling helium in ‘The Federal Helium Reserve’ (no, really) – an underground reservoir near Amarillo – since it was built in 1929. There is also a processing plant and 450 miles of pipelines. The US produces about 75% of the world’s helium, with half of that stored in the aforementioned reserve.