[bumholio]

Markets can predict future shortages and rise prices in anticipation. Nobody wants to sell cheaply today if they can get more than the prevailing interest rate by sitting on the resource. And if we are talking about really long time frames where the risk/reward ratio is not clear, why should we assume the governmental decision is better than someone who has financial skin in the game? Maybe the conservation decision will actually be a bad outcome, conserving at a great present cost something that will be worthless in the future.

Global warming and other environmental problems have nothing to do with this. The environment is a shared resource so market participants have no incentive to preserve it, on the contrary, they rush to "use" as much of the common resource as possible and maximize present gain, before someone else kills the planet and there are no more money to be made. The solution there is to tax the externalities and transform the public resource into a private cost that must be minimized, thus preserving the resource. Helium is not such a public resource, it's private to those who have it, produce it and store it.

[nradov]

Helium isn't really a resource that speculators can sit on. We get it as a byproduct of natural gas production and no one is going to stop extracting natural gas just to save helium for the future. And once you have helium it's expensive to store.

[bumholio]

Then... how do you propose to conserve it? If you can't speculate it, then by definition you can't ration it.

(By the way, if you read the article, it nicely explains how the US Helium reserve works and how it has been dismantled in recent years; so you can in fact store huge amounts of helium, should it ever make economic sense to do so).

[nradov]

I am aware of how the US helium reserve works. Something like that can only practically be done by a government which doesn't care much about costs. And it has a significant leakage rate, so helium is more like a perishable commodity than something that can be stored indefinitely. Ultimately we can't really conserve helium, but we can avoid wasting it on frivolous things.

[bumholio]

Again, if we can't conserve it, it's impossible to waste it. It's a logical contradiction. It's like wind power, you either tap it and use it or not, either way it's gone.

The fact that it's difficult (impossible) to store helium long term is an argument against government intervention because it disrupts present consumption for no clear reason and with meager future benefits.