{"id":1804273,"date":"2023-01-12T19:20:01","date_gmt":"2023-01-13T00:20:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1804273"},"modified":"2023-01-12T19:20:31","modified_gmt":"2023-01-13T00:20:31","slug":"republican-led-house-votes-to-ban-oil-reserve-sales-to-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-led-house-votes-to-ban-oil-reserve-sales-to-china\/","title":{"rendered":"Republican-Led House Votes To Ban Oil Reserve Sales To China"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frepublican-led-house-votes-to-ban-oil-reserve-sales-to-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1804273&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Thursday&#8217;s legislation was passed by the Republican-led House. It prohibits the United States of selling and exporting crude oils from the Strategic Petroleum Reserve. <a href=\"https:\/\/www.dailywire.com\/topic\/communist-china\" target=\"_blank\" rel=\"noopener\">China<\/a>.<\/p>\n<p>More than 100 Democrats joined their GOP counterparts. They raised concerns last summer about the Biden government selling. <a href=\"https:\/\/oversight.house.gov\/release\/comer-mace-bidens-sale-of-u-s-oil-reserves-to-china-may-support-russias-invasion-of-ukraine\/\" target=\"_blank\" rel=\"noopener\">A little over a million barrels<\/a> From the reserve to a Chinese state controlled crude oil giant<\/p>\n<p>The final total for the \u201cProtecting America\u2019s Strategic Petroleum Reserve from China Act\u201d It was 331-97 Six members did not vote, <a href=\"https:\/\/clerk.house.gov\/Votes\/202331\" target=\"_blank\" rel=\"noopener\">According to the House clerk<\/a>. Cathy McMorris Rodgers (R.Wa), Chairperson of Energy and Commerce Committee, who introduced the bill. <a href=\"https:\/\/mcmorris.house.gov\/posts\/mcmorris-rodgers-leads-passage-of-h-r-22-to-prevent-the-sale-of-spr-oil-to-china\" target=\"_blank\" rel=\"noopener\">It was so called<\/a> \u201cone of the most bipartisan votes on an energy bill in many years and multiple congresses.\u201d<\/p>\n<p>Despite having support from both sides, it is unlikely that the Senate will take up the bill under the leadership of Democrats. <a href=\"https:\/\/abcnews.go.com\/Politics\/house-votes-ban-sales-strategic-petroleum-reserve-china\/story?id=96397178\" target=\"_blank\" rel=\"noopener\">According to ABC News<\/a>. However, the vote Thursday was one among two bipartisan acts on Beijing that were taken during the fledgling session under the leadership Speaker Kevin McCarthy (R. CA), which followed Tuesday&#8217;s vote. <a href=\"https:\/\/clerk.house.gov\/Votes\/202326\" target=\"_blank\" rel=\"noopener\">Nearly 150 Democrats joined Republicans<\/a> To establish the Select Committee on the Strategic Competition Between the United States of China Communist Party.<\/p>\n<p><a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/house-bill\/22\/text\" target=\"_blank\" rel=\"noopener\">The legislation<\/a> Thursday, the energy secretary was approved \u201c[n]otwithstanding any other provision of law,\u201d It is forbidden to draw down or sell petroleum products from the Strategic Petroleum Reserve \u201cto any entity that is under the ownership, control, or influence of\u201d China\u2019s Communist Party \u201cexcept on the condition that such petroleum products will not be exported to the People\u2019s Republic of China.\u201d<\/p>\n<p>According to the <a href=\"https:\/\/www.energy.gov\/ceser\/strategic-petroleum-reserve\" target=\"_blank\" rel=\"noopener\">Energy Department website<\/a>The SPR is \u201cthe world\u2019s largest supply of emergency crude oil \u2026 established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program.\u201d<\/p>\n<p>Part of the a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/10\/18\/fact-sheet-president-biden-to-announce-new-actions-to-strengthen-u-s-energy-security-encourage-production-and-bring-down-costs\/\" target=\"_blank\" rel=\"noopener\">Drawdown to 180-million barrels<\/a> The government attempted to stabilize the global oil markets through this process <a href=\"https:\/\/rollcall.com\/2022\/10\/19\/biden-to-announce-more-oil-reserve-sales-to-reduce-gas-prices\/\" target=\"_blank\" rel=\"noopener\">Combat rising gasoline prices<\/a>The Biden administration announced that it would be purchasing crude oil from Strategic Petroleum Reserve in July 2022. Unipec America, which is a subsidiary owned by the Communist Party and Sinopec Corp was one of 14 companies that received contracts for approximately 950,000 barrels.<\/p>\n<p><a href=\"https:\/\/www.energy.gov\/articles\/doe-announces-contract-awards-additional-crude-oil-sales-strategic-petroleum-reserve\" target=\"_blank\" rel=\"noopener\">The Energy Department stated<\/a> These sales were intended to \u201caddress the significant global supply disruption caused by [Russian President Vladimir] Putin\u2019s war on Ukraine, act as a bridge for domestic production to increase, and help stabilize volatile energy costs for American families.\u201d But in a letter\u00a0sent a letter to Energy Secretary Jennifer Granholm, House Republicans <a href=\"https:\/\/oversight.house.gov\/release\/comer-mace-bidens-sale-of-u-s-oil-reserves-to-china-may-support-russias-invasion-of-ukraine\/\" target=\"_blank\" rel=\"noopener\">Concerns raised<\/a> about U.S. oil possibly being used by China to support Russia\u2019s invasion of Ukraine and warned of the potential for Hunter Biden, the president\u2019s adult son, receiving money from the deal because of the <a href=\"https:\/\/freebeacon.com\/national-security\/how-chinese-companies-linked-to-hunter-biden-could-bail-out-putin\/\" target=\"_blank\" rel=\"noopener\">financial links<\/a> His private equity firm and China&#8217;s energy sector.<\/p>\n<p>The Energy Department <a href=\"https:\/\/www.energy.gov\/articles\/doe-announces-repurchase-oil-strategic-petroleum-reserve\" target=\"_blank\" rel=\"noopener\">Dec 2022 &#8211; Announced<\/a> an effort to repurchase crude oil for the SPR, but Republicans remained distressed by Biden\u2019s strategy.<\/p>\n<p>\u201cTo cover up his failed policies driving our energy and inflation crisis, President Biden is draining our nation\u2019s Strategic Petroleum Reserves at an alarming rate,\u201d McMorris Rodgers stated this in her statement on Thursday. \u201cAmerica\u2019s SPR \u2014 once the world\u2019s largest stockpile \u2014 have been depleted to the lowest levels since 1983. To date, President Biden has released more from the SPR than all U.S. presidents in history combined. Millions of barrels of that oil have gone to China, which now has the world\u2019s largest government-controlled stockpile of oil. Draining our strategic reserves for political purposes and selling it to China is a significant threat to our national and energy security.\u201d<\/p>\n<p>Frank Pallone (D.N.J.), the top Democrat in the Energy and Commerce Committee voted against the bill. \u201cIf Republicans were serious about addressing the issue they would have brought forward a bill that banned all exports of oil \u2014 crude oil to China,\u201d <a href=\"https:\/\/www.c-span.org\/video\/?525320-1\/house-session\" target=\"_blank\" rel=\"noopener\">Pallone spoke on the House floor<\/a> Thursday. He said: \u201cIf we truly want to address China using American oil to build its reserves, let\u2019s actually take a serious look at that, rather than skirt around the issue because Republicans are scared of Big Oil\u2019s wrath.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Republican-led House passed on Thursday legislation banning the United States from selling and exporting crude oil from the Strategic Petroleum Reserve (SPR) to China. More than 100 Democrats joined their GOP counterparts, who raised concerns last year about the Biden administration selling nearly a million barrels from the reserve to a Chinese state-controlled crude &#8230;<\/p>\n","protected":false},"author":1588,"featured_media":1804276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[7008,4501,6202,3653,7393,13072,6365,5219,4030,6195],"class_list":["post-1804273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-ban","tag-china","tag-daily","tag-house","tag-oil","tag-republican-led","tag-reserve","tag-sales","tag-votes","tag-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1804273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1804273"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1804273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1804276"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1804273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1804273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1804273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}