New GOP Bill to Block Sales of SPR Oil to China

Sen. Ted Cruz (R-Texas) on Jan. 25 proposed legislation that seeks to block the United States from selling oil from the Strategic Petroleum Reserve (SPR) to China and Chinese Communist Party (CCP)-owned companies.
The bill “Protecting America’s Strategic Petroleum Reserve from China Act” (pdf) was co-sponsored by 15 other Republican senators.
“The Strategic Petroleum Reserve was intended to ensure that America had sufficient oil reserves in the event of an emergency,” Cruz said in a statement.
The Texas lawmaker cited the report that the Biden administration last year sold nearly 6 million barrels of oil from the U.S. Strategic Petroleum Reserve to Chinese state-owned oil company Sinopec….}