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Ongoing ascent to the helium production plateau—Insights from system dynamics

Authors
Journal
Resources Policy
0301-4207
Publisher
Elsevier
Publication Date
Volume
35
Issue
2
Identifiers
DOI: 10.1016/j.resourpol.2009.10.002
Keywords
  • Helium
  • Exhaustible Resources
  • System Dynamics
  • Market Model

Abstract

Abstract Recent, pre-downturn, disturbance in the global helium market can be traced to the tight supply–demand position, which characterizes today’s changing helium supply structure. A detailed System Dynamics model provides fresh insight into the helium question and suggests a production path that is closely associated with future natural gas production. Venting of un-extracted helium to the atmosphere remains a central issue. The model indicates that improving resource exploitation strategies might extend a production plateau that emerges in the 2030s. Substitution will result in more helium being vented. To mitigate this, the industry needs to ensure security of supply (particularly after the Bureau of Land Management reserve is sold).

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