The book reveals the changing dynamics of the helium industry on both the supply-side and the demand-side. The helium industry has a long-term future and this important gas will have a role to play for many decades to come. Major new users of helium are expected to enter the market, especially in nuclear energy (both fission and fusion). Prices and volumes supplied and expected to rise and this will prompt greater efforts towards the development of new helium sources and helium conservation and recycling.

Technical Note 429, Helium Resources of the United States--2007, is an assessment of the total estimated helium reserves and resources of the United States ... This report is part of the Bureau of Land Management's Amarillo Field Office mission of providing information to the Secretary of the Interior and the public on a limited natural resource that is being depleted. This report only covers information on helium reserves and resources and does not report on current helium business or other activities that were discussed in previous reports ... The total helium reserves and resources of the United States are estimated to be 732 Bcf as of December 31, 2006 ... The total resources include approximately 24 Bcf of helium being stored at the Federal Government's Cliffside Gasfield Reserve in Potter County, Texas

The book reveals the changing dynamics of the helium industry on both the supply-side and the demand-side. The helium industry has a long-term future and this important gas will have a role to play for many decades to come. Major new users of helium are expected to enter the market, especially in nuclear energy (both fission and fusion). Prices and volumes supplied and expected to rise and this will prompt greater efforts towards the development of new helium sources and helium conservation and recycling.

The Helium Privatization Act of 1996 (P.L. 104-273) directs the Department of the Interior to begin liquidating the U.S. Federal Helium Reserve by 2005 in a manner consistent with "minimum market disruption" and at a price given by a formula specified in the act. It also mandates that the Department of the Interior "enter into appropriate arrangements with the National Academy of Sciences to study and report on whether such disposal of helium reserves will have a substantial adverse effect on U.S. scientific, technical, biomedical, or national security interests." This report is the product of that mandate. To provide context, the committee has examined the helium market and the helium industry as a whole to determine how helium users would be affected under various scenarios for selling the reserve within the act's constraints. The Federal Helium Reserve, the Bush Dome reservoir, and the Cliffside facility are mentioned throughout this report. It is important to recognize that they are distinct entities. The Federal Helium Reserve is federally owned crude helium gas that currently resides in the Bush Dome reservoir. The Cliffside facility includes the storage facility on the Bush Dome reservoir and the associated buildings pipeline.

Helium has long been the subject of public policy deliberation and management, largely because of its many strategic uses and its unusual source-it is a derived product of natural gas and its market has several anomalous characteristics. Shortly after sources of helium were discovered at the beginning of the last century, the U.S. government recognized helium's potential importance to the nation's interests and placed its production and availability under strict governmental control. In the 1960s, helium's strategic value in cold war efforts was reflected in policies that resulted in the accumulation of a large reserve of helium owned by the federal government. The latest manifestation of public policy is expressed in the Helium Privatization Act of 1996 (1996 12 Act), which directs that substantially all of the helium accumulated as a result of those earlier policies be sold off by 2015 at prices sufficient to repay the federal government for its outlays associated with the helium program. The present volume assesses whether the interests of the United States have been well served by the 1996 Act and, in particular, whether selling off the helium reserve has had any adverse effect on U.S. scientific, technical, biomedical, and national security users of helium.