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this post was submitted on 26 Jan 2024
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One relevant part that I couldn't really find in the article is that helium is so light that it escapes Earth's atmosphere when released into the air.
So any helium that is released to the air is permanently gone.
There is also no known way to synthesize helium, and it also doesn't renew itself at all on Earth.
It's also the only substance we have to cool stuff really far down. That's why e.g. MRIs depend on it.
And we put this precious, finite and often life saving substance into kids' balloons to make them bobble nicely through the air.
We could recover a lot more helium from natural gas production (some fields contain a lot) but right now it's vented because it doesn't have enough value for the operators. Only a few places worldwide bother recovering it during refinement.
But as it gets scarcer the price will go up. Unfortunately the already vented helium is gone forever 😔
capitalism at its finest
Stuff only becomes valuable when it's mostly gone...