NASA gave its comments on the helium supply risk to the USGS. The potential sale of the reserve, as well as the ongoing worldwide helium shortage and market volatility, could lead to supply disruptions and higher prices. This risk is further compounded by U.S. Government agencies' compliance with the Buy American Act, as well as foreign geopolitical uncertainty, military conflict, civil unrest, or anti-competitive behaviors. Such supply disruption could jeopardize the defense, healthcare, aerospace, consumer electronics, and other industries. NASA, which is totally reliant on commercial helium, has seen astronomical increases in helium prices the Agency now has to pay for helium. These increases vary by product type (liquid helium or gaseous helium), and quantities required and range between 223% to 608%.
Helium Supply Risk USGS Comment: NASA KSC
Want to read more?
Subscribe to www.akapenergy.com to keep reading this exclusive post.