Since taking office in January 2021, the Biden Administration has sold at least 2 million barrels of oil from the Strategic Petroleum Reserve (SPR) to UNIPEC… which is a state-controlled China Petrochemical Corporation subsidiary. Republican lawmakers criticized the administration for this. They believe that selling a key US national security asset to bolster China’s economy is unacceptable. The White House has defended the deal, stating that it is legally required to sell SPR oil to the highest bidder. Manchin and Cruz Unveil Joint Bill to Block Sale of US Oil…
Read MoreBiden Administration to be Banned from Selling Oil to China with New Bipartisan Legislation
