Huge Helium deposit found!

[Shotmaster]

Newly discovered helium deposit is a 'game changer' | Fox News


This is good news.

 

[NAM001]

tell us more

 

[Pao]

It's in Tanzania, but what is exciting is the size of the reserve. The current problem is that helium is usually found with oil and gas reserves. I wonder if it will cost even more if they purposely prospect and drill for helium only.

 

[NAM001]

I saw they mentioned mro's but what else do we use He for. Looking for factors to determine the value of getting it

 

[Eric Sedletzky]

Industrial use- welding

 

[Pao]

I'm familiar with MRI machines since I am a radiologist. I guess anything requiring very cold temperatures such as anything using superconductors. And of course - balloons. The majority of the users are big industry and of course deep pockets, so it is very much a seller's market.

 

[Shotmaster]

I saw they mentioned mro's but what else do we use He for. Looking for factors to determine the value of getting it

Just about everything modern relies on helium. Computer chip manufacturing, cooling of satellites, telescopes, and medical instruments like MRI, military weapon systems, welding, breathable gases, weather balloons, the list is long. About 8 Bcf are used annually, the U.S. strategic reserve has dwindled down to 24 Bcf (4 year supply) and the known U.S. Reserves are only about 150 Bcf (less than 18 year supply). So this discovery is very much needed.

 

[Lorenzoid]

Someone already posted about this last month: Helium discovery a 'game-changer'

 

[Shotmaster]

My bad, I didn't see it.

 

[EricTheDood]

I saw they mentioned mro's but what else do we use He for. Looking for factors to determine the value of getting it

Pre-2000s, helium was heavily used worldwide to create chipmunk voices. The widespread use of autotune and similar software effects/instruments pretty much demolished that segment.

The blimp industry was also a major consumer of helium, but drones have quickly taken over that arena.