John R. Campbell
Former Member of the National Research Council’s
Committee on Understanding the Impact of Selling the Helium Reserve
President & CEO of J.R. Campbell and Associates
(Truth in Testimony Form)
The U.S. Federal Government is responsible for supplying 30% of world's supply of helium. Originally created as a federal helium extraction and purification plant, the BLM helium reserve is managed in a single reservoir and pipeline system located in Texas, Oklahoma and Kansas. While once a productive strategic resource, in the 1990s the Department of Interior lost over $1.3 billion dollars establishing and running the reserve. Due to this mounting federal debt and decreasing usefulness of the large federal reserve, in 1996, Congress passed the Helium Privatization Act of 1996 (PL 104-273). This hearing will focus on the existing demand for helium in the United States, the future of the federally-owned helium reserve, and the impact the eventual closure of the U.S. reserve would have on the scientific, technical, medical, and defense industries that depend upon helium for manufacturing and research.
Today, the Subcommittee on Indian, Insular and Alaska Native Affairs held an oversight hearing on the status of the Puerto Rico Electric Power Authority (PREPA) Restructuring Support Agreement (RSA). ......
Today, the Department of the Interior’s Lease Sale 247 for oil and gas parcels in the Gulf of Mexico brought in over $274 million for over 900,000 acres in the Outer Continental Shelf offshore Louisia......
Today, Representatives Jody Hice (R-GA) and Alan Lowenthal (D-CA) introduced H.R. 1668, the “Bureau of Land Management Foundation Act.” H.R. 1668 establishes a new foundation that will leverage privat......