Larry Combest: “I know of no other Federal program more maligned and misunderstood that the Department of Interior, Bureau of Mines…”

“I know of no other Federal program more maligned and misunderstood that the Department of Interior, Bureau of Mines, helium operations. Many of my colleagues have piled on board to eliminate the program. They've heard the clever talking points about German zeppelins and toy balloons. Although I know I am in the minority on this issue, I hope to set the record straight on a few essential points. The Federal helium operation is actually one of the few Federal programs that has done what it was intended to do. Going from a time when there was no helium produced by the private sector, the Helium Act has been tremendously successful in helping to develop private sector production and a strategic reserve for helium. I hope my colleagues and the folks out there listening to this debate will reflect on 67 years of dedicated, quality service given this country by those who took on a mission in 1929. My colleagues who mention the cost to taxpayers for this program are speaking of the accumulated interest costs--not the annual cost, which is a net positive gain to the U.S. Treasury of $10 million last year alone. A legitimate debate has taken place regarding whether or not the Federal Government should be in the helium business. Regardless of your view, this bill, H.R. 3008, is not the best answer. Here's why: This measure effectively prevents private purchase of the helium reserves and refinery.”