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Helium discovery is the supply breakthrough science, medicine, and industry needed...This may be the largest helium reservoir in US history.
FreeThink ^ | April 30, 2024 | Tony Morley

Posted on 05/02/2024 11:26:53 AM PDT by Red Badger

Arecent discovery in Minnesota has unveiled a helium reservoir with astonishingly high concentrations of the gas, surpassing initial estimations and potentially opening doors for commercial extraction.

Pulsar Helium, an exploration company, revealed the discovery of helium reserves in late February 2024, following drilling activities near Babbitt, northern Minnesota, reaching depths of 2,200 feet (670 meters). Initial findings displayed helium concentrations of 12.4%, described by Thomas Abraham-James, the president and CEO of Pulsar Helium, as “a dream” in an interview with CBS News.[1] The discovery represents an unprecedented opportunity to gain access to helium at concentration levels dramatically exceeding the normal 0.3% or 0.5% helium concentration levels that would be considered noteworthy. The newly discovered reserve could hold the potential capacity to make a real difference to long-term global supply.

The discovery comes on the heels of a non-trivial global supply shortage, steadily increasing costs, and raising concerns about civilization’s long-term ability to service medical[2], scientific, and industrial demands for helium. Fears of an imminent helium shortage have been building for decades, with Cornell scientist Robert Richardson quoted in August of 2010 in Popular Science saying, “Unfortunately, party balloons will be $100 each rather than $3, but we’ll have to live with that,”[3]

Helium remains a critically indispensable, non-renewable super-coolant and nobly inert gas that has thousands of applications across hundreds of industrial, scientific, and medical fields; 2,000 liters of ultra-cold liquid helium keeps every one of the U.S. fleet of an estimated 13,280 life-saving MRI machines operational.[4] Without an abundant and relatively inexpensive supply of helium, a number of critical scientific, medical, and industrial applications[5] would go offline, from particle accelerators to the helium-neon lasers used in eye surgery — and from weather balloons to the coolant in nuclear reactors.

Unfortunately, helium is about as non-renewable as a resource comes. Despite its abundant prevalence in the universe, helium remains incredibly scarce on Earth due to its geological origins and where it’s found. All the helium available to humanity was formed during the natural radioactive decay of elements such as uranium and thorium, a process taking hundreds of millions of years, deep below the earth’s crust. What little helium that is created typically slips through the crust, eventually finding its way into the atmosphere and out into space; the fate of nearly all helium. Every liter of liquid and gaseous helium civilization has access to was geologically captured under largely impermeable cap rocks, the same gas traps that sequester oil and natural gas, and as such, our global helium supply is a byproduct of hydrocarbon exploration and production.

The combination of helium-producing source rock, and impermeable gas traps is a geological condition significantly rarer than the conditions which produce hydrocarbon gas fields. The vast majority of helium is produced through fractional distillation, siphoning off the tiniest fractions of helium found in existing natural gas reservoirs, and while there are thousands of natural gas fields, you could count the number of large helium gas fields on two hands, with digits to spare.

The United States has historically and concurrently been the world’s largest producer, followed by Qatar, Algeria, and Russia[6]; however, the U.S. privatization and planned sell-off of the strategic helium reserve at the Cliffside Storage Facility, 12 miles (19 km) northwest of Amarillo, Texas, through the Helium Stewardship Act.[7] has bolstered concerns that the sell-off of an already depleted reserve may place long-term supply chain security at risk.[8] The breakthrough helium discovery in Minnesota couldn’t have come at a better time.

While helium supply has been declining in slow lockstep with increasing demand for decades, scientists, producers, and users have been optimizing usage and improving storage to reduce waste and, most critically, beginning to put real effort into new exploration and production, targeting fresh helium fields.

Bringing new helium fields online, such as the one discovered in Minnesota, will require significant capital investment and infrastructure development and is unlikely to happen in the near term; however, the breakthrough and the magnitude of the inferred reserves held therein are evidence that we haven’t yet exhausted the capacity to bring much-needed helium to market. The discovery, inspired by years of work driven by strong market demand, is an outstanding example of how free markets and innovation backfill resource shortages and drive human progress.


TOPICS: Business/Economy; Government; US: Minnesota
KEYWORDS: algeria; gas; helium; mris; naturalgas; noblegas; pulsarhelium; qatar; russia; selloff
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To: who_would_fardels_bear

21 posted on 05/02/2024 11:46:06 AM PDT by montag813
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To: Red Badger

https://www.youtube.com/watch?v=PPRhQazQh3Y&list=PLSY1VNbYk_ONdXKTFlVjyLPU_0psCUx5o


22 posted on 05/02/2024 11:47:22 AM PDT by rfp1234 (E Porcibus Unum )
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To: Jamestown1630
It seems a few years ago there were great fears of a shortage.

People who use helium in an industrial situation (myself, for example) don't "fear" a "possible" helium shortage, we routinely deal with a very real and current helium shortage. Over the past 20 years, the price of helium, on contract, delivered to my loading dock, has increased by more than an order of magnitude. In addition to the greatly increased price there are delivery limits which cannot be exceeded.

23 posted on 05/02/2024 11:47:56 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: Red Badger

Liquid hydrogen isn’t cold enough ...


24 posted on 05/02/2024 11:49:10 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: Red Badger

Waiting for the EPA to determine that Helium extraction from this particular mine will end all life on earth as we know it in 3...2..1.


25 posted on 05/02/2024 11:50:26 AM PDT by shotgun
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To: Red Badger

> What if someone gave them HYDROGEN instead??????? <

I taught chemistry for many years. There’s a quick and easy test for hydrogen. Place a small sample in an upside-down test tube. Put a glowing wood splint at the mouth of the test tube. If you hear a quick, very distinctive “pop” sound you know it’s hydrogen. You would of course do that in a safe area.

The key phrase there is “small sample”. A big sample…well, think about the Hindenburg.


26 posted on 05/02/2024 11:51:24 AM PDT by Leaning Right (The steal is real.)
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To: Red Badger
In 1923, America started constructing the USS Shenandoah, designed by the Bureau of Aeronautics and based on the Zeppelin L 49.

Assembled in Hangar No. 1 and first flown on 4 September 1923 at Lakehurst, New Jersey, it was the first airship to be inflated with the noble gas helium, which was then so scarce that the Shenandoah contained most of the world's supply.


27 posted on 05/02/2024 11:52:31 AM PDT by montag813
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To: V_TWIN

Hydrogen much better.


28 posted on 05/02/2024 11:59:38 AM PDT by Reverend Wright ( Everything touched by progressives, dies !)
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To: Red Badger
"Macy’s Thanksgiving Day Parade is saved!...................."


29 posted on 05/02/2024 12:17:35 PM PDT by clearcarbon (Fraudulent elections have consequences.)
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To: V_TWIN

“Just don’t use it to float a dirigible “

Why do you say that’?


30 posted on 05/02/2024 12:26:53 PM PDT by TexasGator
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To: Red Badger

GEEE—WHERE IS THAT KEYSTONE PIPELINE WHEN YOU NIGHT NEED IT????


31 posted on 05/02/2024 12:29:29 PM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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To: Red Badger

Sold to the highest bidder! China.


32 posted on 05/02/2024 12:30:03 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: Jamestown1630

Why not just fuse hydrogen to get helium ;-)


33 posted on 05/02/2024 12:31:02 PM PDT by glorgau
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To: Red Badger

New Somalia rejoices...


34 posted on 05/02/2024 12:31:14 PM PDT by SuperLuminal ( Where is Samuel Adams when we so desperately need him)
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To: Red Badger

Biden will make it illegal to extract the helium.


35 posted on 05/02/2024 12:32:07 PM PDT by gitmo (If your biography doesn't match your theology, what good is it?)
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To: glorgau

‘Star Gas’


36 posted on 05/02/2024 12:37:29 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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To: Red Badger

https://finance.yahoo.com/quote/PLSR.V


37 posted on 05/02/2024 12:47:47 PM PDT by steve in DC
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To: butlerweave

Maybe:

and planned sell-off of the strategic helium reserve at the Cliffside Storage Facility, 12 miles (19 km) northwest of Amarillo, Texas, through the Helium Stewardship Act.[7]


38 posted on 05/02/2024 12:51:08 PM PDT by piasa (Attitude adjustments offered here free of charge)
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To: V_TWIN

Helium is inert. The Hinderberg was floated with hydrogen.


39 posted on 05/02/2024 1:02:10 PM PDT by webheart
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To: webheart

Hinderberg… spell check is never there when you need it.


40 posted on 05/02/2024 1:05:15 PM PDT by webheart
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