Out of the vastness of southwestern Saskatchewan, a solution is emerging to a little-discussed problem — a gap in the global helium supply chain.
“Party City is just the tip of the iceberg,” said Nicholas Snyder, chief executive of North American Helium, who divides his time between New York and Calgary, and whose company has been exploring in Saskatchewan near the Montana border. “We’ve been focusing really on not just one deposit, or field, but a long term helium production business in Canada,” he said.Jeff Vogt, chief executive of Richmond, Virginia-based Weil Resources Group Of course, his claims to being the first of anything-helium related in Saskatchewan do not go uncontested.
He estimated that the current market size is now US$6 billion after prices shot up dramatically in 2019. Much of the price increase results from the fact that the U.S. federal government has been selling down a stockpile originally started in the early part of the 20th century, when blimps were still in wider use.
“This is about the geological trapping of a molecule that otherwise floats up to the sun,” said Vogt.
Is this problem Mr Trump has caused with all his hot air and other gases?
I knew.
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