{"id":1979821,"date":"2023-07-21T17:59:05","date_gmt":"2023-07-21T21:59:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran\/"},"modified":"2023-07-21T18:00:39","modified_gmt":"2023-07-21T22:00:39","slug":"senate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran\/","title":{"rendered":"Senate blocks sale of oil from Strategic Petroleum Reserve to China, Iran."},"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\">24<\/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%2Fsenate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran%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=1979821&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--><h2>The Senate Takes Action to Ban Oil Sales to Adversaries<\/h2>\n<p>The Senate on\u2064 Thursday passed an amendment to \u2062the <a href=\"https:\/\/www.dailywire.com\/news\/house-passes-military-spending-bill-with-conservative-amendments\" target=\"_blank\" rel=\"noopener\">National\u200d Defense Authorization Act<\/a> (NDAA) that would ban\u2064 sales of oil from the Strategic Petroleum Reserve (SPR) to\u2063 China, North Korea, Iran, \u200cand Russia.<\/p>\n<p>The effort, which passed the Senate 85-12, was\u200d spearheaded by \u200cSenator <a href=\"https:\/\/www.dailywire.com\/topic\/ted-cruz\" target=\"_blank\" rel=\"noopener\">Ted\u200d Cruz<\/a> (R-TX) and West Virginia Senator <a href=\"https:\/\/www.dailywire.com\/topic\/joe-manchin\" target=\"_blank\" rel=\"noopener\">Joe Manchin<\/a> (D-WV). \u2062Under President Joe Biden, \u2063the SPR has been <a href=\"https:\/\/www.foxbusiness.com\/economy\/us-emergency-oil-supply-shrinks-40-year-low-biden-keeps-tapping-reserve\" target=\"_blank\" rel=\"noopener\">drained<\/a> to\u2064 40-year \u2062lows.<\/p>\n<blockquote>\n<p>\u201cWe know China\u200d has been amassing the largest stockpile of crude in the world. Nevertheless, last \u2062year, \u200cthe United States sold\u2064 off part of our \u200breserves to China. I have been working with Senator Manchin to \u2064prohibit such inexplicably reckless moves in a bipartisan way. Our amendment \u200cprevents the\u2063 federal government from selling oil from the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">strategic petroleum reserve<\/a> to China, Russia, Iran, or \u2063North Korea. We should not be selling \u2064our emergency \u200doil reserves to our adversaries,\u201d Cruz <a href=\"https:\/\/www.cruz.senate.gov\/newsroom\/press-releases\/senate-passes-cruz-amendment-prohibiting-sale-of-strategic-petroleum-reserve-oil-to-china-russia-iran-and-north-korea\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<\/blockquote>\n<p>Manchin, a critic of the Biden administration\u2019s energy policy, also warned about American\u2063 oil going to China.<\/p>\n<blockquote>\n<p>\u201cFollowing Putin\u2019s invasion of Ukraine, \u2064the\u200b U.S. ramped \u200cup production and exports to help <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-arabia-rebuffs-bidens-pleas-to-greatly-increase-oil-production\/\" title=\"Saudi Arabia Rebuffs Biden's Pleas to Greatly Increase Oil Production\">meet global demand<\/a>. \u200dIt had been devastating to the \u200dworld. China, on the other hand, stockpiled \u200doil and held back refinery\u2063 production and while China was stockpiling, one of its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-moves-to-block-sale-of-oil-from-strategic-petroleum-reserve-to-china-iran\/\" title=\"Senate blocks sale of oil from Strategic Petroleum Reserve to China, Iran.\">state-owned companies purchased<\/a> over 1.4 million \u2062barrels\u200d from \u200bthe \u2063United States of America, the people of our great country, from our \u2063own\u200d stock of reserves. That\u2019s \u200bwhat we\u2019re trying to stop,\u201d the West Virginia Democrat said.<\/p>\n<\/blockquote>\n<p>In January, the House \u2062 <a href=\"https:\/\/www.dailywire.com\/news\/republican-led-house-votes-to-ban-oil-reserve-sales-to-china\" target=\"_blank\" rel=\"noopener\">passed<\/a> a\u200b similar measure. Republicans at the time were joined \u200bby over\u200b 100 Democrats after \u2064Republicans raised concerns last year about the Biden administration 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\">nearly a million \u2064barrels<\/a> from the reserve to a Chinese state-controlled crude giant.<\/p>\n<p><strong><a href=\"https:\/\/onelink.to\/dwapp\">CLICK HERE TO \u200cGET THE DAILY WIRE APP<\/a><\/strong><\/p>\n<p>As part of 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\">180-million-barrel drawdown<\/a> through which the government sought to stabilize global oil\u2063 markets and\u2063 <a href=\"https:\/\/rollcall.com\/2022\/10\/19\/biden-to-announce-more-oil-reserve-sales-to-reduce-gas-prices\/\" target=\"_blank\" rel=\"noopener\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/after-cancelling-keystone-xl-pipeline-white-house-begs-opec-to-increase-oil-production\/\" title=\"After Cancelling Keystone XL Pipeline, White House Begs OPEC To Increase Oil Production\">combat rising gasoline prices<\/a><\/a>, the Biden\u2064 administration announced in July 2022 a number of contracts for the purchase of \u2063crude oil\u200b from the Strategic Petroleum Reserve. Among those contracts to 14 companies was one for about\u2063 950,000 barrels awarded \u200dto Unipec America,\u200c a subsidiary of \u2064Communist Party-owned Sinopec \u200cCorp.<\/p>\n<blockquote>\n<p>\u201cThe original intent of the Strategic Petroleum Reserve \u2064was to \u200bensure that America had sufficient oil reserves in\u2062 the event of an emergency,\u201d Cruz\u200d <a href=\"https:\/\/freebeacon.com\/politics\/senate-passes-bipartisan-measure-to-bar-us-from-selling-oil-reserves-to-china\/?utm_source=actengage&#038;utm_campaign=FreedomMail&#038;utm_medium=email\" target=\"_blank\" rel=\"noopener\">said<\/a> \u2064 Thursday. \u201cWe are \u200dunnecessarily and dangerously \u2064undermining our national security in any instance that we sell\u2063 any part of this \u2063stockpile to the Chinese Communist Party or any company under its control.\u201d<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Senate passed an amendment to the NDAA, prohibiting oil sales from the SPR to China, North Korea, Iran, and Russia. Senator Ted Cruz and Senator Joe Manchin led the effort, resulting in an 85-12 vote in favor.<\/p>\n","protected":false},"author":200,"featured_media":1979822,"comment_status":"open","ping_status":"closed","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":[],"class_list":["post-1979821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-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\/1979821","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\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1979821"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1979822"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1979821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1979821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1979821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}