Citing this article a Hot Air, which in turn cites this WAPO story:
Federal Helium Program: How temporary becomes forever
Federal Helium Program: How temporary becomes forever
The program at the center of this debate has its origins after World War I, in a kind of arms race that sounds ridiculous now. In Europe, countries such as Germany were building sturdy, if slow, inflatable airships. The U.S. military was worried about a blimp gap.But the good news is, if the North Koreans attack us with nuclear bomb equipped zeppelins, we'll have plenty of government owned helium to fill our counter attack anti-zeppelin zeppelins.
So Congress ordered a stockpile of helium to help American dirigibles catch up. It was assumed to be a temporary arrangement.
“As soon as private companies produce [helium], the government will, perhaps, withdraw?” asked Rep. Don Colton (R-Utah.) in the House debate.
“That is correct,” said Rep. Fritz Lanham (D-Tex.).
That was 1925.
Today, 88 years later, the zeppelin threat is over. Private companies have learned to produce helium. But the U.S. government still has its own reserve: a giant porous rock formation under the Texas Panhandle, whose crannies hold enough helium to fill 33 billion party balloons.
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