Trying to wrap my head around the National Helium Reaerve’s role-- was it a net positive to have a buyer of last resort and that’s gone, or is it the sell pressure of its liquidation that’s troubled the US industry and put us in danger of being an importer? It’s a loose question so if you see a more interesting question to answer from mine please answer that one instead!
I’m not a fan of big govt but strategic stockpiles of materials like helium are very important. It arguably got too big, so some should have been sold off, but it was done way too quickly, tanked the price, and destroyed margins of private companies, shutting operations. So its existence was positive, but extremely mismanagaed
Trying to wrap my head around the National Helium Reaerve’s role-- was it a net positive to have a buyer of last resort and that’s gone, or is it the sell pressure of its liquidation that’s troubled the US industry and put us in danger of being an importer? It’s a loose question so if you see a more interesting question to answer from mine please answer that one instead!
I’m not a fan of big govt but strategic stockpiles of materials like helium are very important. It arguably got too big, so some should have been sold off, but it was done way too quickly, tanked the price, and destroyed margins of private companies, shutting operations. So its existence was positive, but extremely mismanagaed
Ok cool that makes sense. Thanks, and def aligned on outlook.
Hi Ted, thanks for the article. Have you got any views on the JSE Listed helium play Renergen please?