03/05/2020

Helium: a little-known natural resource

Position of the gas in the Periodic Table of the elements
The helium, the first noble gas  in the periodic table of chemical elements, in our planet is naturally present in the form of gas, it is usually little known and scarcely considered in discussions and evaluations on the availability and exploitation of terrestrial resources.

Use of helium

However, today it is a gas whose use has become indispensable in a vast field of application, ranging from sophisticated medical magnetic resonance (MRI) equipment, to superconductors, to the cryogenic industry, in addition to inflating rubber balloons, this use is now deprecated, by many observers, as a cause of waste of a natural resource not only not renewable, but also at risk of exhaustion in the short term.

Diffusion of gas in nature

Although helium is the second most abundant element in the universe, after the hydrogen from which it is produced by nuclear fusion in the stars, on Earth it is very scarce, so it constitutes a limited natural resource, not renewable and perhaps the most easily exhausted, among the natural resources currently exploited, for its limited reserves.

Yellowish mineralization of carnotite in a sandstone
On Earth, helium is generated during the natural decay of Uranium and Thorium, a slow and continuous process over time, however its characteristics mean that only a very small part of it remains preserved in the earth's crust and therefore can be used for its exploitation.

As a product of radioactive decay, helium atoms, in the form of alpha particles, can be found trapped in the crystal lattice of uraniferous minerals, such as pitchblende or uraninite, carnotite, monazite and cleveite which is the first mineral in which this gas was identified.

Minimum percentages of helium, not imprisoned in a crystalline lattice, have been found in volcanic gases, and in spring waters in volcanic and geothermal areas, but above all it is found, present as "impurity", in some natural gas (methane) gisement.

As is known, helium is very light, so much so that it is used to fill rubber balloons, therefore after its generation within the earth's crust, and its possible release from the lattice structure of the mineral within which it is generated, it migrates to the Earth's surface, thus freeing itself in the atmosphere within which it disperses in the upper layers, arriving to constitute the major component in the upper part of the heterosphere [*], in order to then be definitively dispersed in space interplanetary.
  

Mining exploitation of helium

Of this rising gas it is possible to recover and extract from the underground only the minimum percentage that, in its upward migration, has encountered a trap, similarly as it happens with natural gas, and in fact all the helium deposits are actually gas deposits natural with a small fraction of helium mixed.

To date, the discovery of helium deposits is occasional, there is no prospecting or exploration activity specifically dedicated to the search for this gas, so the discovery of these deposits is a consequence of the hydrocarbon research activity, and collateral to the discovery of natural gas gisement, and are identified only after analyzing the composition of the natural gas found. It is not sure that this situation will change with the growth of its market demand and therefore of its value.


The cut-off value, that is the minimum quantity for which it can be economically claimed to be in the presence of a helium deposit, expressed as a percentage, is approximately equal to 0.3%. Consequently, to date, the production of helium makes it a subordinate by-product of the production of natural gas from which helium, on the surface, is first separated by cryogenic distillation (a process which in turn uses liquid helium) and then refined and liquefied for commercial uses. Liquid helium is transported and shipped worldwide in triple-walled and sealed tankers.

In which areas of the Earth are helium deposits located?

Worldwide distribution of countries with helium deposits, the color intensity is function of the amount of reserves

The extraction and production of helium is mainly concentrated in three places, where about 75% of the helium consumed in the world is produced: Texas and Wyoming in the USA and Qatar, in the Arabian Gulf, the second largest producing nation in the world with a share of the 28% in 2018. Other countries, in the role of minor producers are Australia, China, Poland, Russia and Algeria, this has recently been taking a more relevant position with an increase in its production. Tanzania is also in the predicate of becoming a producer country. of gas.

The US dominates among consumer countries, consuming around 30% of world production.

The companies that market helium are few multinationals that form a small group, which operates in a vertical market, specialized in the production and trade of industrial gases that are not hydrocarbons, and have names that are not well known to those who are not introduced to the sector: Air Liquide (French), Air Products (American), Linde plc (German), Matheson Tri-Gas Inc. (Japanese), Iwatani Corporation (Japanese) and Messer Group (German).
   

[*] The heterosphere is the last subdivision of the Earth's atmosphere, whose base begins at about 100 km in height, and ends confining with the interplanetary space, in which the individual gas molecules are separated by the molecular diffusion mechanism; with increasing altitude, its components with lighter molecules become more abundant than those with heavier ones.

02/05/2020

The pandemic trend of the Covid 19 compared to the average age and the fertility rate of populations in the world

Every day we are subjected to numbers and graphs on the trend of the pandemic in our country and few other data on the pandemic situation in some other nation, nothing else in the world. 
Considering that the trend of the pandemic would have exceeded the peak, at least in the northern hemisphere, it is possible to make other broader observations, of a global nature, on the aspects of this pandemic. 
Just to to see better how our country is positioned compared to the rest of the planet and if from these observations other considerations can also be drawn.

Trend of deaths compared to the average age of populations 

Graph of deaths in individual countries around the world due to Covid 19 compared to the average age of the population in each nation
Trend of deaths vs average age of the population

The trend of deaths, compared to the average age of populations and their fertility rate, observed in the totality of 154 nations that have more than one million inhabitants, shows interesting aspects. (*)

It is evident that the number of dead

23/04/2020

The price of oil and that of cheeses.

Global market


Link between oil barrels and dairy products

Strange as it may seem, there is a link between the price of the barrel and that of dairy products (as milk powder, cheese), particularly on those with a large export market.
CLAL graphic elaboration
Observing the historical series, starting from 2009, of the price of Cheddar cheese,

21/04/2020

Brownian motions in the price of oil after Black Monday

An unusual approach to understanding the market
The observation of the price trend of the WTI and the Brent, compared to the Dow Jones index, made along the chronological series 1 January 2019 April - 20 April 2020, shows interesting aspects, for a significant difference in behavior, starting from the now famous "Black Monday" of 9 March 2020.

Until March 6, the price of the barrel for both oils remained above

19/04/2020

What drives the price of oil

Understanding the oil market with its roller coaster
Once again, since the beginning of this year, we have witnessed a sudden drop in the price of oil, which in a few weeks has lost about 75% of its value, falling from around $ 70 to just over $ 20 per barrel. Note that the drop in price is antecedent to the present economic crisis due to the coronavirus pandemic. 
Barrel prices and Dow Jones

The first question that arises is whether there has been a strong excess of demand with respect to the offer, that is, whether it has been produced, or better exploited from the Earth, too crude compared to its demand in the world market? Or perhaps the price depends on many factors and is not simplistically referable to a balancing factor and continuous readjustment between supply and demand in the market.

Looking at the graph we can see that: