US
Biden Administration Sells Off Crucial US Helium Stockpile
Brianna Lyman
News and Commentary Writer
January 26, 2024 11:57 AM ET
The Biden Administration sold off the Federal Helium Reserve on Thursday which accounts for 30% of the nation’s helium supply.
The stockpile, which is located underground in Amarillo, Texas, is comprised of 425 miles of pipeline that travels throughout Texas, Kansas and Oklahoma, according to NBC News. The deal has yet to be finalized but will likely go to the highest bidder, gas company Messer, according to the report.
The sale was first mandated by Congress in 2013 under the Helium Stewardship Act and was originally supposed to take place in 2021 but hit a series of delays. The Bureau of Land Management said the legislation “seeks to mitigate a helium shortage by enabling the Secretary of the Interior…to continue to sell crude helium from the Federal Helium Reserve.”
Helium is vital to operating MRI machines, setting off concern in the medical world. (RELATED: ‘Just Stop Oil’ Protesters Who Infamously Destroy Famous Art Get Taste Of Their Own Medicine With Rape Alarms)
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READ MORE: https://dailycaller.com/2024/01/26/helium-reserves-sold-off/
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