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The National Helium Reserve, also known as the Federal Helium Reserve, is a strategic reserve of the United States, which once held over 1 billion cubic meters (about 170,000,000 kg) [a] of helium gas. The helium is stored at the Cliffside Storage Facility about 12 miles (19 km) northwest of Amarillo, Texas, in a natural geologic gas storage ...
Updated January 26, 2024 at 8:36 AM. On Thursday, the U.S. government sold the Federal Helium Reserve, a massive underground stockpile based in Amarillo, Texas, that supplies up to 30% of the ...
The combination of lower-than-projected demand and private competition resulted in sustained losses for the National Helium Reserve. In reaction, the government cancelled its contracts in 1973. [1] [3] As a consequence, the industrial capacity utilization rate for helium production dropped from 104% in 1966 to 41.7% in 1974. The helium ...
A large volume of helium was stored underground in the Cliffside field in the decade following the Helium Act Amendments of 1960. In recent years, [when?] the reserve has been systematically selling its helium. As of 2012, the United States National Helium Reserve still accounted for 30 percent of the world's helium. [24]
The Federal Helium Reserve was supposed to be sold off in 2021. Scientists hope it will remain in government hands. The fate of America's largest supply of helium is up in the air
A global helium shortage has doctors worried about one of the natural gas’s most essential, and perhaps unexpected, uses: MRIs.. Strange as it sounds, the lighter-than-air element that gives ...
The Helium Privatization Act of 1996 is a United States statute that ordered the US government to sell much of the National Helium Reserve.The United States 104th Congressional session passed the Act of Congress presenting the legislation to the United States President on September 30, 1996.
Helium Act of 1925, 50 USC § 161, is a United States statute drafted for the purpose of conservation, exploration, and procurement of helium gas. The Act of Congress authorized the condemnation, lease, or purchase of acquired lands bearing the potential of producing helium gas. It banned the export of helium, for which the US was the only ...