The Impact of Selling the Federal Helium Reserve
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The Helium Privatization Act of 1996 (P.L. 104-273) directs the Department of the Interior to begin liquidating the U.S. Federal Helium Reserve by 2005 in a manner consistent with 1/2minimum market disruption 1/2 and at a price given by a formula specified in the act. It also mandates that the Department of the Interior 1/2enter into appropriate arrangements with the National Academy of Sciences to study and report on whether such disposal of helium reserves will have a substantial adverse effect on U.S. scientific, technical, biomedical, or national security interests. 1/2 This report is the product of that mandate. To provide context, the committee has examined the helium market and the helium industry as a whole to determine how helium users would be affected under various scenarios for selling the reserve within the act 1/2s constraints. The Federal Helium Reserve, the Bush Dome reservoir, and the Cliffside facility are mentioned throughout this report. It is important to recognize that they are distinct entities. The Federal Helium Reserve is federally owned crude helium gas that currently resides in the Bush Dome reservoir. The Cliffside facility includes the storage facility on the Bush Dome reservoir and the associated buildings pipeline.
Format:Paperback
Language:English
ISBN:0309070384
ISBN13:9780309070386
Release Date:June 2000
Publisher:National Academies Press
Length:98 Pages
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