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

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Author Info

  • Cai, Zhiming
  • Clarke, Richard H.
  • Glowacki, Bartek A.
  • Nuttall, William J.
  • Ward, Nick

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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Bibliographic Info

Article provided by Elsevier in its journal Resources Policy.

Volume (Year): 35 (2010)
Issue (Month): 2 (June)
Pages: 77-89

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Handle: RePEc:eee:jrpoli:v:35:y:2010:i:2:p:77-89

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Web page: http://www.elsevier.com/locate/inca/30467

Related research

Keywords: Helium Exhaustible resources System dynamics Market model;

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Cited by:
  1. Saldarriaga-Isaza, Adrián & Villegas-Palacio, Clara & Arango, Santiago, 2013. "The public good dilemma of a non-renewable common resource: A look at the facts of artisanal gold mining," Resources Policy, Elsevier, Elsevier, vol. 38(2), pages 224-232.
  2. Ponzo, Ricardo & Dyner, Isaac & Arango, Santiago & Larsen, Erik R., 2011. "Regulation and development of the Argentinean gas market," Energy Policy, Elsevier, vol. 39(3), pages 1070-1079, March.

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