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...could put a strain on not only Helium supplies (less birthday balloons), but it would affect industries involved in the manufacture of things you hold dear, like: the I-Pad, laptop, mobile device you may be reading this blog on, or the next generation Xbox could get a little tricky to produce. Beyond that, I'd be getting too detailed. Read excerpt from the article below:
“We may be heading for a crisis in many industries if we don’t face up to this issue” warned Rep. Rush Holt (D-NJ), Ranking Member on the House Energy and Mineral Resources Subcommittee at a July 20 hearing on the nation’s helium supply. Holt’s opening comment came at the start of a hearing entitled “Helium: Supply Shortages Impacting our Economy, National Defense and Manufacturing" that received testimony from an official of the Department of the Interior and industrial and scientific witnesses.
This was the second hearing that has been held this year on the nation’s supply of helium, driven by the very real concern that a legislative mandate will worsen already significant supply and price fluctuations. In May, the Senate Committee on Energy and Natural Resources held a hearing on S. 2374, the Helium Stewardship Act of 2012. This 15-page bill, introduced by Senator Jeff Bingaman (D-NM) would require changes in the management of the nation’s federal helium reserve in Texas. Indicative of the interest there is in this problem are the nineteen Democratic and Republican senators, with a wide range of political philosophies, who have cosponsored this bill.
The July 20 House hearing demonstrated similar bipartisan concern. In his opening comments, Subcommittee Chairman Doug Lamborn (R-CO) spoke of the Bureau of Land Management’s (BLM) helium reserve and its impending closure, calling helium “vital to national security,” and warning of the “significant economic disruption” there will be to American manufacturers. Of note, he spoke of a global shortage of Helium-3. “The impending shortage of helium and H-3 could have disastrous consequences for U.S. industries that are dependent on helium to innovate, manufacture, and provide jobs for Americans,” Lamborn said. “Having identified these issues, the question is what is the solution? Clearly, Congress cannot simply allow this huge economic dislocation and national security threat, when action can be taken on alternatives. However, neither can Congress simply continue along in the process that has resulted in this critical juncture.”
This was the second hearing that has been held this year on the nation’s supply of helium, driven by the very real concern that a legislative mandate will worsen already significant supply and price fluctuations. In May, the Senate Committee on Energy and Natural Resources held a hearing on S. 2374, the Helium Stewardship Act of 2012. This 15-page bill, introduced by Senator Jeff Bingaman (D-NM) would require changes in the management of the nation’s federal helium reserve in Texas. Indicative of the interest there is in this problem are the nineteen Democratic and Republican senators, with a wide range of political philosophies, who have cosponsored this bill.
The July 20 House hearing demonstrated similar bipartisan concern. In his opening comments, Subcommittee Chairman Doug Lamborn (R-CO) spoke of the Bureau of Land Management’s (BLM) helium reserve and its impending closure, calling helium “vital to national security,” and warning of the “significant economic disruption” there will be to American manufacturers. Of note, he spoke of a global shortage of Helium-3. “The impending shortage of helium and H-3 could have disastrous consequences for U.S. industries that are dependent on helium to innovate, manufacture, and provide jobs for Americans,” Lamborn said. “Having identified these issues, the question is what is the solution? Clearly, Congress cannot simply allow this huge economic dislocation and national security threat, when action can be taken on alternatives. However, neither can Congress simply continue along in the process that has resulted in this critical juncture.”
Panic = bipartisanship. We'll take it anyway we can get it, ladies and gentlemen.
American Institute of Physics: FYI: House Hearing on Helium Supply
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