Protecting America'S Strategic Petroleum Reserve From China Act
Mr. Speaker, I rise in support of H.R. 22. This administration's war on American energy has sent energy costs through the roof. While this administration has continued to shift blame for the rising prices, President Biden is draining our…
Mr. Speaker, I rise in support of H.R. 22.
This administration's war on American energy has sent energy costs through the roof. While this administration has continued to shift blame for the rising prices, President Biden is draining our Strategic Petroleum Reserve meant for emergencies by selling off some of these reserves in a Band-Aid solution for his policy failures.
Since May of last year, the Biden administration has sold off 1 million barrels of oil per day until after the midterm elections. Thanks to President Biden's actions, our oil reserve is now at the lowest point in 40 years. Yet, this administration has no plan to unleash American energy production to replenish our emergency oil supply and reduce prices.
To make matters even worse, while the Biden administration is selling off our emergency oil reserve at an unprecedented rate, some of these barrels
of oil have gone to Communist China. That is right. Our emergency oil supply is now in the hands of the Chinese Communist Party.
We are exporting a total of 300,000 barrels of oil per day to China. In part--because of the Biden administration--China, not the U.S., has the largest government-controlled stockpile of oil in the world.
With this legislation, House Republicans are delivering on our promise to restore our Nation's energy security and better protect our national security. This legislation stops the Biden administration from selling any more of our emergency supply to the Chinese Communist Party.
House Republicans will continue to stand up to China and stop the Biden administration from ceding our energy security to our enemies.