PFEIFFER: And lately, its been one supply disruption after. KORNBLUTH: The helium business has been swimming against the current for quite a while now. The reduced availability of the gas affects all purity levels, from consumer retail use to high purity scientific and industrial use. "Refining helium is an expensive process," said Diekow. it was triggered by a confluence of world events, including global supply-chain problems brought on by the pandemic and worsened by the war in ukraine, as well as planned and unplanned shutdowns at major producers such as a mid-january leak in the u.s. Kornbluth calls this helium shortage 4.0. FebruNational Helium Gas Shortage The United States is experiencing a helium gas shortage. About half of the Party City stores in the metro area were out of helium on Thursday afternoon. Companies that draw out natural gas can separate the helium and purify it. The worldwide helium shortage has been going on since the spring. It's typically found underground in natural gas fields. Helium is one of the most common elements in the universe, but it's not common on Earth. The sale deadline was later extended to 30. "It's not like oxygen or nitrogen or argon where it's just sitting in the atmosphere, those are a lot easier to get." BLM held its last Crude Helium Auction in Amarillo, Texas, in 2019 with the price rising almost 135, from 119/Mcf in 2018 to 280/Mcf in 2019. Concerns rising over global helium shortage. "It's probably the third time in the past ten years we've run into a helium shortage," said Ryan Diekow, President & CEO of Oxygen Service Company. It's the second most abundant element in the universe but prices have soared for helium and it's affecting more than just birthday parties. According to a statement from the company, "Party City's helium supply issues have been intermittent and we're constantly working to replenish helium at any affected stores." It’s a critical material in the pharmaceutical industry - a field that’s taking a hit with the ongoing shortage of this non-renewable element.
The worldwide helium shortage has been going on since the spring.
"We had a little pullback on our supply, but we have loyal suppliers that have diverse ways to source helium." "It was nice to walk into work today and see the memo," said Jodi Schoenauer, business development representative for Litin's.
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