Helium Is Hard to Replace
The war in Iran, and the subsequent closure of the Strait of Hormuz, has unfortunately made us all familiar with details of the petroleum supply chain that we could formerly happily ignore.
The war in Iran, and the subsequent closure of the Strait of Hormuz, has unfortunately made us all familiar with details of the petroleum supply chain that we could formerly happily ignore. Every day we get some new story about some good or service that depends on Middle East petroleum and the production of which has been disrupted by the war. Fertilizer production, plastics, aluminum, the list goes on. One such supply chain that’s suddenly getting a lot of attention is helium. Helium is produced as a byproduct of natural gas extraction: it collects in the same underground pockets that…
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