$this->bbcode_second_pass_quote('', 'C')onsumers feeling the helium squeeze
The second most plentiful element in the universe is suddenly in short supply on this planet.
By Bob Secter
CHICAGO TRIBUNE
Friday, November 16, 2007
CHICAGO — Helium is the talk of the party balloon industry these days, and it is not a discussion being carried out in high-pitched giggles.
The second most plentiful element in the universe is suddenly in short supply on this planet, and that means soaring prices for a lot of things, balloons included. "Some customers have told me they're just not going to sell balloons anymore because they can't get helium," said Chicago party wholesaler Lee Brody. "Everybody's scrambling."
As raw materials crises go, the helium shortage clearly takes a back seat to the global oil crunch. But the repercussions go well beyond the cost of decorating birthdays or bar mitzvahs, while also shining a light on an obscure federal helium program that has proved critical to feeding the world's growing appetite.
To most of us, helium is just a novelty gas that floats blimps, bobs huge latex whales over car dealers and makes your voice sound like Daffy Duck when inhaled (which, by the way, experts say is a really bad idea that could lead to a collapsed lung).
But demand for the gas has taken off in industry and scientific research in recent years, and the helium squeeze is being felt everywhere from university physics labs to plants in India, China, Taiwan and Korea that make today's hottest consumer products. Japanese helium suppliers recently warned customers in the electronics industry to prepare for supply cuts of up to 30 percent
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Austin American-Statesman$this->bbcode_second_pass_quote('', 'T')hat stockpile will be empty in a decade, and new overseas sources have been slow to develop.
said Leslie Theiss, manager of the Federal Helium Reserve near Amarillo.