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Party City, the general retailer that is a one-stop shop for one-time plastic shit, brightly colored and other party decorations, currently closes 45 of its 900 stores across the country. Store profits are down due to the helium shortage on the planet; Party City has always made a lot of money filling balloons. From CNN:
The Earth contains helium pockets buried under a rock, but it is notoriously difficult to capture because it floats. When drilling or fracking for natural gas, energy companies capture helium and sell it. But helium represents a tiny percentage of the gases trapped beneath the rock formations.
In recent years, some drillers have claimed to find traces of helium buried underground, but these have not always been erased. Party City said that she had really started to feel the effects in August 2018 …The good news for Party City is it signed an agreement with a new helium supplier. Party City thinks that the new supplier will be able to help it recover its hot air ballooning business from the summer and hopes that stocks will last for the next two and a half years …
(CEO of Party City) Harrison warned, however, that additional helium was not a sure thing. The new supplier of Party City might think it relies on a lot of helium, but it can not be sure before packaging and selling it.
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David Pescovitz
David Pescovitz is the co-publisher of Boing Boing. On Instagram he is @pesco.
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