This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Air Products Helium Director Testifies Before Senate On Pending Helium Bill

LEHIGH VALLEY, Pa., May 7, 2013 /PRNewswire/ -- Air Products (NYSE: APD) director of Helium Sourcing and Supply Chain, Walter Nelson, testified today before the United States Senate on pending S. 783, the Helium Stewardship Act of 2013, to reform and reauthorize private helium sales from the federal helium reservoir.  Nelson told the Senate that Air Products, the global leader in helium production, supports the proposed bill because it accomplishes the goals of maximizing the return to the United States taxpayer, ensuring the reliability of supply for end users, honoring contract and property rights, and it does this without disrupting the helium supply chains.

"The world helium markets are in a state of transition and uncertainty, and the world's current largest supply – the BLM (Bureau of Land Management) reservoir – is in decline.  Significant new sources are coming online, but there have been repeated delays.  Shortages are creating tremendous volatility in the spot markets," Nelson told the Senate. "This is not the type of environment to experiment with wholesale, untested changes in the world's most stable source of supply – the BLM Reserve.  This environment calls for level-headed reforms that are phased in incrementally.  That is exactly the approach you have taken.  Your bill would ensure that taxpayers get a fair market price for the government's helium, while preserving much of the stability that has benefited consumers and high-tech manufacturers across the country."

Click here to view Nelson's full written testimony to the Senate.

Air Products has pioneered many of the helium extraction, production, distribution and storage technologies used in the industry today. Air Products maintains the world's largest helium production and distribution system and operates numerous facilities around the world.

Helium is used in many unique and valued applications including: magnetic resonance imaging (MRI); lifting for high altitude scientific research balloons, blimps and party balloons; fiber optics and semiconductor manufacturing; metallurgy; breathing atmospheres for deep diving or unique blood gas medical mixtures; analytical chemistry; pressurizing and purging pipes, vessels, and other critical equipment; leak detection; and other advanced applications.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs