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US House Of Representatives Votes On SPR Oil Sales Ban To China

OIL

The US House of Representatives is set to vote on Thursday on ending sales of the US Strategic Petroleum Reserves to China, House Majority Leader Steve Scalise said.

  • The current bill, known as “H.R. 22, Protecting America’s Strategic Petroleum Reserve from China Act” would prevent further direct or indirect sales and exports from SPR to China
  • “At a time of skyrocketing inflation and record gas prices, and with SPR drained to its lowest level since 1986, it is reckless and inexplicable that President Biden would allow oil from the SPR to be exported to China. This practice poses a direct threat to American national security, not least of all because the Chinese Communist Party is currently stockpiling oil for strategic use, and the Biden administration is aiding their effort,” Cruz said at the time.

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