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bix6 7 hours ago

Why did we sell it instead of lease? This seems like something that should be in public hands.

tzs an hour ago | parent | next [-]

The Helium Privatization Act of 1996 (HPA) required it. It passed to House on a voice vote and the Senate by unanimous consent and was signed by President Clinton.

After sales paid off the debt that has been incurred from the expansion of scope of the helium program in the 1960 Helium Act, which was one of the main points of the HPA, it was update by the Helium Stewardship Act of 2013 (which passed the House 394-1, and the Senate 97-2, and was signed by President Obama).

piva00 7 hours ago | parent | prev | next [-]

Ideological idiocy, the dismantling of anything public turning into private hands is ideologically pure for libertarian-inclined folks, no matter how strategically stupid it might be.

hn_acc1 an hour ago | parent [-]

This. 1000x this.

forgetfreeman 7 hours ago | parent | prev | next [-]

crypto-libertarian "government bad" ideology is one hell of a drug.

dnautics 6 hours ago | parent [-]

well it was signed into law by obama, so there's that.

kristjansson 2 hours ago | parent | next [-]

yes the president is the law giver, he who conceives, imposes, and bears in perpetuity all responsibilities for all laws passed during his term

stvltvs 5 hours ago | parent | prev | next [-]

I like the guy, but he was GOP-lite as a president, served corporate interests.

forgetfreeman 4 hours ago | parent | prev [-]

I'm no partisan. Politicians elected to serve corporate interests come in your choice of red or blue.

dnautics 3 hours ago | parent [-]

of course but i think characterizing obama as a Crypto-Libertarian is a disservice to carter, who was actually a crypto-libertarian

cagenut 7 hours ago | parent | prev [-]

sorry thats too far left wing an opinion in america today

infogulch 7 hours ago | parent [-]

The sale was completed in 2024.

actionfromafar 7 hours ago | parent | next [-]

I feel that as soon as the existential threat easened with the splintering of the Soviet Union, the US started doing some self-harming libertarian flavored shit to itself.

In the 1980s, I assume getting rid of the "strategic reserve" of anything would have met more pushback, because of primal fear overriding greed.

trollbridge an hour ago | parent | next [-]

Wasn’t the original purpose of the strategic helium reserve to build fleets of zeppelins?

scythe an hour ago | parent | prev | next [-]

> We are going to do a terrible thing to you — we are going to deprive you of an enemy.

– Georgi Arbatov, Soviet political scientist, 1988

noah_buddy an hour ago | parent | prev [-]

Yes, Reagan was noted for his desire to avoid privatization of anything. /s

Kidding aside, the US has had libertarian pipe dreams for the better part of its history. The aberration was the New Deal period up until the mid 60s.

phr4ts 7 hours ago | parent | prev [-]

For those who don't understand, Biden sold the Helium not Trump - he took office on Jan 20, 2025.

baldeagle 6 hours ago | parent | next [-]

"Current law (cira 2013) requires BLM to sell off the crude helium remaining in the Federal Helium Reserve in order to repay the U.S. Treasury the $1.3 billion debt incurred creating it. This debt will be repaid this fiscal year and that, as a consequence, the helium program will terminate at the end of the current fiscal year (October 1, 2013), absent Congressional action. Currently, the Federal Helium Reserve supplies roughly 40% of domestic and 30% of global helium demand. Loss of access to the Federal Helium Reserve would result in significant disruptions to a large number of critical U.S. industries." https://www.energy.senate.gov/services/files/494b2f9e-c8f5-4...

Sounds like Obama kept the gas taps flowing, instead of locking it up because authorization to sell it had expired. Here is the whole record: https://www.congress.gov/bill/113th-congress/house-bill/527/...

7 hours ago | parent | prev | next [-]
[deleted]
4ggr0 6 hours ago | parent | prev [-]

> too far left wing

> biden

uhm...

edgyquant 2 hours ago | parent [-]

His admin was by far the most left wing in history, only the actual far left think otherwise

cyberax an hour ago | parent | next [-]

How does he compare with Nixon, who created the EPA?

ImPostingOnHN an hour ago | parent | prev [-]

Please don't call everyone names for not agreeing with you.

There are billions of people in the world, and you are one, and you have your one set of opinions out of billions.

Nobody endowed you or your opinions with any sort of infallibility or superiority over others.