Posted on 08/05/2022 2:37:36 PM PDT by Hamiltonian
Wyoming’s senior U.S. Senator last week introduced legislation to keep China out of American oil reserves, days after the U.S. agreed to sell nearly one million barrels of stockpiled oil to China.
Sen. John Barrasso is the lead sponsor on a bill requiring the U.S. Secretary of Energy not to sell oil to America’s geopolitical foes, or to state-owned groups working with those countries.
“The (Energy) Department’s sale of crude oil from the Strategic Petroleum Reserve (SPR) to a company owned by China… is inexcusable,” Barrasso wrote in a July 21 letter to Jennifer Granholm, U.S. Energy Secretary.
The department on July 11 announced it had landed contracts to sell one million barrels from the reserve per day, for six months, in hopes of easing global supply disruptions resulting from the war in Ukraine. One of the companies that landed a contract was Unipec America, which is a branch of China-owned Sinopec. Unipec’s contract is for 950,000 barrels.
950,000 barrels is chicken feed.
Well, I guess it is more than I thought. We make about 11.5 mmbo per day.
So....here's our inept, compromised, and demented President selling our SOR - in part - to China as we prepare our Navy to fight them in the South China Sea when/if China attacks Taiwan.
BTW, it is apparent and/or a strong possibilty that Hunter (and possibly other pols) makes money on the oil transactions with China.
We are stupid!
Not for the SPR is NOT.....Google is your friend for search. Worked there..It’s getting close as the days & months go by for drawdown and sales to other peoples.
Its a piquant blend of chicken feed and horrible optics.
8% equivalent to our daily production. More than I thought.
I want politicians that do meaningful things to uphold American liberty. Not meaningless things. This just wastes time, taxpayer money and falsely gives conservatives the impression we are "doing something." We are not.
They can introduce bills all day long. You need a majority to pass it and a president that won’t veto it. Theater.
House Republicans want answers about oil sale to Hunter Biden-linked China company
Nice idea, but sorry it’s a waste of time. Who is going to sign the bill if it passes both houses of Congress? Perhaps the good Senator could devote his efforts to delay or derail the latest boondoggle, you know the ‘Inflation bill’.
Yes, except that this involves the Strategic Petroleum Reserve.
Wonder who would vote against the bill going into the election.
DOA
But they won't.
With the GOP in the minority NOTHING will come of it.
This illegitimate POS in the White House MUST be removed by force
Too late.
But let us not feed China’s chickens.
A necessary, but, useless exercise.
“ Its amazing that this requires a Congressional intervention”
Hard to believe it’s not already illegal to sell out America
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