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brightball • yesterday at 8:19 PM • 1 reply • view on HN

Yea, the sale of the federal helium reserve never made sense to me back in 2013.

https://www.blm.gov/press-release/blm-helium-system-sale-pro...

Messer American is in a good spot now I suppose:

https://www.blm.gov/announcement/blm-accepts-bids-sale-feder...


Replies

mojosam • today at 2:10 AM

I agree with you 100%, but the sell off of the 1 billion m^3 in the National Helium Reserve actually started with the Helium Privatization Act of 1996. By 2013 the reserve had already been reduced by 91.5%, and the flooding of the market with cheap helium killed off the private helium industry. The Helium Stewardship Act of 2013 raised the price of government helium but continued selling of the remaining 85 million m^3.