BLM was required (to sell it) by Congress in the Helium Stewardship Act of 2013, as the alternative was to not offer any H to the market due to the authorization to sell expiring. Sponsored by a Republican and passed basically unanimously with the proceeds used to pay of the debt (back when we cared about that)
Technically yes, but practically no. Air is 78% nitrogen. Nitrogen is 3.3% lighter than air. Helium is 86.2% lighter than air. Hydrogen is 93% lighter than air.
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.
"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.
I do not understand indeed. Another comment shared one more link, which states:
> BLM was required by Congress in the Helium Stewardship Act of 2013 to sell off the stockpile the government first began collecting in 1925.
Which was the Obama administration. But then was the Obama administration ideologically aligned with privatization? Not familiar with American politics enough to know, but that doesn't sound right to me.
Unless we consider all mainstream politicians to be aligned that way, but then I'd argue there's not much ideology going on anymore.
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.
Could you define the acronym "e/acc"? DDG seems to think it means: "What Does E/Acc Stand For, And What Does It Mean? E/acc stands for the phrase effective accelerationism, and it basically indicates one's personal ideological belief that artificial intelligence will one day become an all-powerful being that can fix the vast majority of humanity's problems."
I don't think I have ever heard a MAGA talk about AI.
Can not see them fuck it up more than my own government spending millions to pour concrete into our own excellent natural gas wells (while selling whatever did come out under market price to other countries), and our neighbors on the east celebrating while they blow up nuclear power plants. At least the US and Israel have a chance of improving their position in the geopolitical landscape. We are just slowly then swiftly committing suicide.
The US appears to be ideologically committed shitting on their trade partners and ending the dollar's run as a reserve currency and you see this leading to improving it's geopolitical standing? Through what mechanism?
Yeah, but even the local (groningen) residents think it's a bad idea to not keep some resources available for emergency situations (they also would like to heat their houses in winter) like when other sources are cut off.
Is it even possible? My understanding is that the whole region is connected to those gas wells. There's so much you can take before the underground is hollow.
They may not have a house to heat if tremors get too bad.
haha yes, the grand seismic risks (economic risk in single digit percentages of the profits available) but not talking about not using them, they are actively and very costly going to fill them with concrete to ensure in the future (even in whatever extreme scenario) they cannot be used again. On top of the fact that we suckered ourselves into long term agreements which led to having to sell our own gas, far below market price to other countries. Full blown retardedness, and the moral high ground was theirs.
And our German neighbors, I can still see them laughing at the Orange Man Bad... Boo hoo... what a shitshow.
> haha yes, the grand seismic risks (economic risk in single digit percentages of the profits available)
If I lived in the region I wouldn't really care if the economic risk is single digit percentage. I would prefer my house to keep standing.
> they are actively and very costly going to fill them with concrete to ensure in the future (even in whatever extreme scenario) they cannot be used again.
I think you are arguing in bad faith. If you hollow the underground, filling it with something is a way to mitigate the seismic risk.
> And our German neighbors, I can still see them laughing at the Orange Man Bad.
Okay, I see now that talking to you is a waste of time.
Groningen gas field produced 40 billion m3 a year. 100m3 is 1MWh, currently sold for 50 eur. So the production would generate revenue of 20 billion eur a year. Tax it at 10%, get 2B eur. Buy/build houses for 400k a piece, 5.000 a year. There are cca 10.000 houses with minor or major damage. In 2 fucking years everyone gets a new second house for free and we get cheap gas.
You realize cost of gas has direct consequences to 17M people's health as well? Our oma in her G-class building set her thermostat to 16 degrees in 2022. Because her heating bill shot to 1000+ eur/month. Only when the black mold started appearing did we manage to persuade her that 19 would be more appropriate. Of course that just traded it for money-related stress.
And I didn't say kick everyone on the street while the reconstruction is taking place. Everyone can stay where they are. Earthquakes are rare and so far in 50 years of extraction there have been no injuries. Groningen isn't the only place with earthquakes in the world you know?
Bullshit they are, houses are entirely replaceable and in fact many people do so every couple of years.
Some jurisdictions even have “tenants rights” laws that literally force landlords to terminate all contracts whenever a tenant is about to have lived in a location for too long.
(to clarify, the concrete has nothing to do with the seismic risks, and is solely intended to make it impossible to extract gas later, which some people see as a valid way to lower potential seismic impact in the future due to no extraction... as if it is the only way to deal with seismic risks... and the whole point of the profits being ample to mitigate any economic loss is that people's houses can be either made resistant, or, you know, we could buy affected people a brand spanking new house)
That's one of the most disappointing things to me. These people have such resources and the limit of their vision is: bang young girls, accumulate bling, push divisive hateful politics, start wars.
That's it. That's the best they can do.
Even nominally selfish far-sighted things like genuinely funding a deep research program for life extension is not really something they're into. I mean some of them are "into" it in that they talk about it and occasionally toss money at things but they're not interested in funding or being involved in the kind of multi-year high-focus moonshot program it would actually take to deliver. The problem is that's hard and it takes a long time when banging girls and winning power games is instant dopamine.
It makes me keep thinking of paperclip maximizers. It's like we are paperclip maximizers, only our paperclips are sex and dopamine hits from winning power games. A paperclip maximizer with such resources would squander it all on paperclips, and we squander it all on these goal functions built in by evolution. Are we actually intelligent or just clever animals? We can seek what we want, but we don't think much about what we want to want.
I think about how we could've paid for two brand new, gigawatt-scale nuclear power plants for the same amount of money as Elon Musk flushed down the toilet to try to shut down a website he didn't like. Extreme wealth is a mental illness, and wealth caps are healthcare.
He’s not “doing something with his insane wealth”. He’s wealthy because he’s doing something. The moment he announces he’s stepping back and going to be boring he loses half his wealth or more.
God does not come down from the heavens and bestow money that one spends on what one chooses. People value his companies because he’s there. TSLA will instantly collapse in valuation if he exits.
At this point I wish he had shut it down. Instead he turned into a mouthpiece for the right and duped his followers into thinking he’s “liberated” the site and made it into some bastion of free speech.
If you can guarantee two brand new gigawatt scale nuclear power plants for $44b then you can raise that money easily. The problem isn’t the access to money that prevents it. It’s that the the number of NRC approved reactors built since it came into existence is countable on your fingers.
I’m not even kidding. If you can pass the regulation, environmental, land permits, local opposition etc. you will be a hundred millionaire maybe a billionaire.
To put that in context, Wikipedia says about Carnegie:
> he gave away around $350 million (equivalent to $6.9 billion in 2025 dollars), almost 90 percent of his fortune, to charities, foundations and universities
Those famously "richest Americans" were worth single digit billions in today's money. Musk is reportedly worth $600-800 billions. Imagine what he could do with that money. The Gilded Age industrialists were already devils, but to say the quality of the ultra-rich today is in the gutter would be an offense to the gutter.
It's incredibly distressing, but I think the issue here lies with 'we'. Those at the very top are a very, shall we say, unique group. Those who seek power at such a level are not like the rest of us. There's established research showing that psychopathic and sociopathic traits are vastly more common among the "CEO class". It's not that wealth and power _makes_ them so, it's that relatively few are willing to be completely amoral or malicious in order to obtain as much power as possible. I believe that this effect is greatly magnified at the very top.
It's a tale as old as Plato: those most likely to WANT to rule are exactly the 'candidates' who absolutely should not.
> These people have such resources and the limit of their vision is: bang young girls, accumulate bling, push divisive hateful politics, start wars.
I really don't like how Bill Gates and Microsoft made their money, but at least he has realized that in his twilight years to try to make amends via humanitarian work. Buying the stairway to heaven.
Great timing that the US recently sold its strategic helium supply.
BLM [(Bureau of Land Management)] completes $460M sale of federal helium reserve to private company | 12/12/2024 | https://www.eenews.net/articles/blm-completes-460m-sale-of-f...
Messer Completes Acquisition of Federal Helium System from BLM | June 27, 2024 | https://www.messer-us.com/press-releases/messer-completes-ac...
BLM was required (to sell it) by Congress in the Helium Stewardship Act of 2013, as the alternative was to not offer any H to the market due to the authorization to sell expiring. Sponsored by a Republican and passed basically unanimously with the proceeds used to pay of the debt (back when we cared about that)
thanks obama?
Those party ballons were very cheap for a while.
yeah that was completely crazy... never understood why they would do something like that
An explanation is particular political group was ideologically enthralled with privatization.
Iran will make AI go pop.
inshallah
Aren’t there huge stockpiles of helium in the US? I can buy party sized tanks at Target or big tanks at the usual places like welding supply places.
A lot of the balloon use has switched to nitrogen (helium became much, much more expensive after the strategic helium reserve was sold off)
Is lifting gas? That’s pretty cool.
Technically yes, but practically no. Air is 78% nitrogen. Nitrogen is 3.3% lighter than air. Helium is 86.2% lighter than air. Hydrogen is 93% lighter than air.
No.
Balloon gas is ~20% oxygen, so your kids don't go unconscious while doing the funny voices.
Messer Completes Acquisition of Federal Helium System from BLM https://www.messer-us.com/press-releases/messer-completes-ac...
Why did we sell it instead of lease? This seems like something that should be in public hands.
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.
crypto-libertarian "government bad" ideology is one hell of a drug.
well it was signed into law by obama, so there's that.
sorry thats too far left wing an opinion in america today
The sale was completed in 2024.
For those who don't understand, Biden sold the Helium not Trump - he took office on Jan 20, 2025.
"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.
I do not understand indeed. Another comment shared one more link, which states:
> BLM was required by Congress in the Helium Stewardship Act of 2013 to sell off the stockpile the government first began collecting in 1925.
Which was the Obama administration. But then was the Obama administration ideologically aligned with privatization? Not familiar with American politics enough to know, but that doesn't sound right to me.
Unless we consider all mainstream politicians to be aligned that way, but then I'd argue there's not much ideology going on anymore.
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.
Foi de vasco (died).
So the RAM prices are going to skyrocket again?
Lindsay Graham has an easy solution to this unnecessary conflict: send your sons and daughters.
This whole administration is such a fiasco.
Remember all the e/acc people telling us to vote for Trump? Some mea-culpas are in order.
The kind of people who voted for trump would never admit they made a mistake. They double down on stupidity instead.
Could you define the acronym "e/acc"? DDG seems to think it means: "What Does E/Acc Stand For, And What Does It Mean? E/acc stands for the phrase effective accelerationism, and it basically indicates one's personal ideological belief that artificial intelligence will one day become an all-powerful being that can fix the vast majority of humanity's problems."
I don't think I have ever heard a MAGA talk about AI.
The MAGA Web3 bros have all switched to the Clawdbot hypetrain, still flogging courses and slop.
My energy contract expires in June. I am feeling the doom clock- just how much can America and their Israeli masters fuck up?
Can not see them fuck it up more than my own government spending millions to pour concrete into our own excellent natural gas wells (while selling whatever did come out under market price to other countries), and our neighbors on the east celebrating while they blow up nuclear power plants. At least the US and Israel have a chance of improving their position in the geopolitical landscape. We are just slowly then swiftly committing suicide.
The US appears to be ideologically committed shitting on their trade partners and ending the dollar's run as a reserve currency and you see this leading to improving it's geopolitical standing? Through what mechanism?
> At least the US and Israel have a chance of improving their position in the geopolitical landscape.
This seems, uh, awfully optimistic.
Are you complaining about the Groningen gas wells?
I thought that they were being decommissioned due to seismic risks?
Yeah, but even the local (groningen) residents think it's a bad idea to not keep some resources available for emergency situations (they also would like to heat their houses in winter) like when other sources are cut off.
the mystical time when the wind on the see is not there and there is no sun? Maybe even the tides stop working?
Is it even possible? My understanding is that the whole region is connected to those gas wells. There's so much you can take before the underground is hollow.
They may not have a house to heat if tremors get too bad.
haha yes, the grand seismic risks (economic risk in single digit percentages of the profits available) but not talking about not using them, they are actively and very costly going to fill them with concrete to ensure in the future (even in whatever extreme scenario) they cannot be used again. On top of the fact that we suckered ourselves into long term agreements which led to having to sell our own gas, far below market price to other countries. Full blown retardedness, and the moral high ground was theirs.
And our German neighbors, I can still see them laughing at the Orange Man Bad... Boo hoo... what a shitshow.
> haha yes, the grand seismic risks (economic risk in single digit percentages of the profits available)
If I lived in the region I wouldn't really care if the economic risk is single digit percentage. I would prefer my house to keep standing.
> they are actively and very costly going to fill them with concrete to ensure in the future (even in whatever extreme scenario) they cannot be used again.
I think you are arguing in bad faith. If you hollow the underground, filling it with something is a way to mitigate the seismic risk.
> And our German neighbors, I can still see them laughing at the Orange Man Bad.
Okay, I see now that talking to you is a waste of time.
Have a great afternoon.
Groningen gas field produced 40 billion m3 a year. 100m3 is 1MWh, currently sold for 50 eur. So the production would generate revenue of 20 billion eur a year. Tax it at 10%, get 2B eur. Buy/build houses for 400k a piece, 5.000 a year. There are cca 10.000 houses with minor or major damage. In 2 fucking years everyone gets a new second house for free and we get cheap gas.
Ah, sorry, this will not work, we are not capable of building new houses in any significant capacity. I don't know why but it's the reality.
You realize that people's houses are more than a number in a balance sheet?
Losing all your personal items and memories + living homeless for a few years while the reconstruction is in progress isn't minor inconvenience.
You realize cost of gas has direct consequences to 17M people's health as well? Our oma in her G-class building set her thermostat to 16 degrees in 2022. Because her heating bill shot to 1000+ eur/month. Only when the black mold started appearing did we manage to persuade her that 19 would be more appropriate. Of course that just traded it for money-related stress.
And I didn't say kick everyone on the street while the reconstruction is taking place. Everyone can stay where they are. Earthquakes are rare and so far in 50 years of extraction there have been no injuries. Groningen isn't the only place with earthquakes in the world you know?
Bullshit they are, houses are entirely replaceable and in fact many people do so every couple of years.
Some jurisdictions even have “tenants rights” laws that literally force landlords to terminate all contracts whenever a tenant is about to have lived in a location for too long.
Love you too!
(to clarify, the concrete has nothing to do with the seismic risks, and is solely intended to make it impossible to extract gas later, which some people see as a valid way to lower potential seismic impact in the future due to no extraction... as if it is the only way to deal with seismic risks... and the whole point of the profits being ample to mitigate any economic loss is that people's houses can be either made resistant, or, you know, we could buy affected people a brand spanking new house)
Good luck with the rest.
For the US, thus far, we keep discovering that we have yet to hit bottom — so probably more.
Another bubble. Another war. Great.
So more old rich suited men can bang more escorts. The vanity of humanity.
That's one of the most disappointing things to me. These people have such resources and the limit of their vision is: bang young girls, accumulate bling, push divisive hateful politics, start wars.
That's it. That's the best they can do.
Even nominally selfish far-sighted things like genuinely funding a deep research program for life extension is not really something they're into. I mean some of them are "into" it in that they talk about it and occasionally toss money at things but they're not interested in funding or being involved in the kind of multi-year high-focus moonshot program it would actually take to deliver. The problem is that's hard and it takes a long time when banging girls and winning power games is instant dopamine.
It makes me keep thinking of paperclip maximizers. It's like we are paperclip maximizers, only our paperclips are sex and dopamine hits from winning power games. A paperclip maximizer with such resources would squander it all on paperclips, and we squander it all on these goal functions built in by evolution. Are we actually intelligent or just clever animals? We can seek what we want, but we don't think much about what we want to want.
People will always keep looking to politicians to make the world better despite their terrible track record.
If they aren't doing a good job primary the hell out of them.
I think about how we could've paid for two brand new, gigawatt-scale nuclear power plants for the same amount of money as Elon Musk flushed down the toilet to try to shut down a website he didn't like. Extreme wealth is a mental illness, and wealth caps are healthcare.
It's worse when you realize that Musk at least does something with his insane wealth, even if it's also insane.
Most either do nothing really of note, or donate it to "causes", which may be good, but kind of boring.
I can appreciate boring nowadays.
Musk tried boring for a bit. Don't hear much about it nowadays.
He’s not “doing something with his insane wealth”. He’s wealthy because he’s doing something. The moment he announces he’s stepping back and going to be boring he loses half his wealth or more.
God does not come down from the heavens and bestow money that one spends on what one chooses. People value his companies because he’s there. TSLA will instantly collapse in valuation if he exits.
At this point I wish he had shut it down. Instead he turned into a mouthpiece for the right and duped his followers into thinking he’s “liberated” the site and made it into some bastion of free speech.
You can't do that with two gigawatt-scale nuclear power plants!
If you can guarantee two brand new gigawatt scale nuclear power plants for $44b then you can raise that money easily. The problem isn’t the access to money that prevents it. It’s that the the number of NRC approved reactors built since it came into existence is countable on your fingers.
I’m not even kidding. If you can pass the regulation, environmental, land permits, local opposition etc. you will be a hundred millionaire maybe a billionaire.
I think we are somewhere in between. Most of us know what we should be doing but actually doing it is hard!
As an aside this might indicative of today's defective rich. Carnegie built over 2,500 libraries for example.
To put that in context, Wikipedia says about Carnegie:
> he gave away around $350 million (equivalent to $6.9 billion in 2025 dollars), almost 90 percent of his fortune, to charities, foundations and universities
Those famously "richest Americans" were worth single digit billions in today's money. Musk is reportedly worth $600-800 billions. Imagine what he could do with that money. The Gilded Age industrialists were already devils, but to say the quality of the ultra-rich today is in the gutter would be an offense to the gutter.
It's incredibly distressing, but I think the issue here lies with 'we'. Those at the very top are a very, shall we say, unique group. Those who seek power at such a level are not like the rest of us. There's established research showing that psychopathic and sociopathic traits are vastly more common among the "CEO class". It's not that wealth and power _makes_ them so, it's that relatively few are willing to be completely amoral or malicious in order to obtain as much power as possible. I believe that this effect is greatly magnified at the very top.
It's a tale as old as Plato: those most likely to WANT to rule are exactly the 'candidates' who absolutely should not.
> These people have such resources and the limit of their vision is: bang young girls, accumulate bling, push divisive hateful politics, start wars.
I really don't like how Bill Gates and Microsoft made their money, but at least he has realized that in his twilight years to try to make amends via humanitarian work. Buying the stairway to heaven.
Except that foundations are massive tax shelters - maybe he did some good along the way, but the also blocked IP release of covid vaccine technologies
Can you give me more information on that? DDG on Bill Gates and COVID just keeps finding stuff about Epstien (for some bizarre reason).
https://newrepublic.com/article/162000/bill-gates-impeded-gl...
Do you remember this quote from wheel of time?
"Let the lord of chaos rule" ...