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We did that when Bill Clinton ordered that the National Helium Reserve be sold off. The "Helium Privatization Act", as it was called, was disastrous. The price
by HarryHirsch 8y ago
We did that when Bill Clinton ordered that the National Helium Reserve be sold off. The "Helium Privatization Act", as it was called, was disastrous. The price dropped precipitiously, and in turn every third-tier college bought their high-field NMR. A boon for Bruker and Varian, less so for science.
- antidesitter 8y agoAccording to [1], the problem with the Helium Privatization Act was that it ordered that helium be sold at a formula-driven price that was much lower than the market price for helium. So the problem wasn’t the market. It was the government mismanaging privatization. [1] http://www.slate.com/blogs/moneybox/2012/05/14/america_s_helium_privatization_fiasco.html http://www.slate.com/blogs/moneybox/2012/05/14/america_s_hel...