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10 Comments on One of the most abundant elements in universe has become rare- Helium
Wow! Extremely interesting and one of those things I have taken for granted of course and never thought about it.
Just another example of how privitization isn't the panacea that some people think it is.
Cooper, I did not think of it till this weekend.
Leslie, This can be true at time. Turns out there is a private company in Wyoming that was suppose to be online by now but they have had several setbacks and delays.
Here is an interesting article I found
http://minerals.usgs.gov/minerals/pubs/commodity/helium/mcs-2012-heliu.pdf
Don, now how am I going to talk in a squeaky voice?
There goes the budget for heliem balloons. I may have to cutback a few balloons here or there. Just having some fun.
Another two elements that are in abundant supply here in San Francisco. Hydrogen and Oxegen. Lots of H2O this weekend.
Just use air in the balloons and get used to hanging them upside down. Lead balloons, no where have I heard that before...
No more high pitchin for you Charlie.
Frank what a party pooper I am.
Robert, you can heat em up.
For the private sector to take over something there has to be profit in it. When the gubment does something, it's with somebody else's money - like mine. They don't care about the profit part.
There's a shortage of bees too. Maybe the two shortages can be combined and they can symbiotically produce each other?
Jay, I understand your sentiment but in some cases just not about money. Remember these companies are already making money off of natural gas.
Also sometimes the private sector just does not do that good of job. I know many believe that if the gubment does something that it will more costly and a poorer job but that is just not the case in some areas.
My brother worked for NOAA performing the costal survey. He had been there long enough to go from NOAA doing it all to having much of the work being performed by private companies. The gubmet thought it could save money by privatizing. The end result was that the cost savings was never achieved and quality went downhill. They spent more money correcting bad information and auditing the companies to ensure compliance.
So it is not always best for private industry to do some things as counter intuitive it may seem.
Don, are you saying that if there is not profit in something it will be pursued by a private entreprenuer? Profit encourages the pursuit. If the producers of natural gas, which are abundantly supplied as you know, cannot integrate horizontally to ALSO provide helium (I suggest it wouldn't require much change in the way of procedures and equipment) there must be a reason they are not.
I suggest the reason is money.