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People & Business :: People/Executives

Senate approves measure preventing helium reserve shutdown

9:21 AM MDT | September 20, 2013 | Lindsay Frost

The US Senate announced yesterday that it has passed a measure that will prevent a possible shutdown of the US federal helium reserve by a 97-2 vote, reports say. Under the current law, the Federal Helium Program was scheduled to end on 7 October—effectively cutting off funding and access to the supply for companies. The reserve supplies more than one-third of the world’s crude helium supply. "The impending shutdown of this program would cause a spike in helium prices that would harm many US industries and disrupt national security...

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