MRI machines need thousands of liters of liquid helium to function. Health care workers say they can’t afford any disruptions to the helium supply chain.
We could recover a lot more helium from natural gas production (some fields contain a lot) but right now it's vented because it doesn't have enough value for the operators. Only a few places worldwide bother recovering it during refinement.
But as it gets scarcer the price will go up. Unfortunately the already vented helium is gone forever 😔
an estimated 3000 metric tons of helium are generated per year throughout the lithosphere.
I think the main issue here is not that we are loosing helium on a planetary scale but that the easy to reach helium from gas wells is wasted. We will never run out of helium at our current rate of consumption before the sun goes nova, if we consider all sources on earth, but it will get a lot more expensive and the supply will get less steady.
The reason the stockpile was there was it being classified as a strategic resource during the time around WW1 and 2 when airships were a big thing. It's just not really something the government thinks they need to be involved in anymore. Though you could argue its use is becoming more strategic again.
But anyway I'm not defending the sale, I just believe this was the reason they wanted to sell it.
It sounds like the government was doing a poor job with it.
Edit: Actually it sounds like part of the poor job was due to implementation of the Helium Privatization Act of 1996, and 2013 was trying to fix some of it. It's expensive and government has been trying to get out of it for a while. (The GAO also has some information).
Every 90s democrat knows if it's important for science, health, and national security it's better in the hands of private industry. Also screw welfare. (-Bill Clinton, 1996)