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.
Hunter will be disappointed. But it needs to be passed until Trump gets back in office.
Any thing to get free publicity.
Oil is sold on the world market. There is no realistic way to keep anyone from buying oil.
Think of the world market as a big flea market. You have no idea where the stuff you are buying came from. All you know is you want it and you have the money..
So all we are doing is insulting China (not that I think that is bad) but we can’t prevent them from buying oil.
Pure kabuki theater on the part of one of McConnell’s main guys.
These guys don’t give a rats ass about that oil.
One would think that after 8 years of Bush getting bullied over and over by the Democrats; 8 years of Soetero, 4 years of the UNIPARTY obstructing Pres Trump and now this disaster…that isn’t even 18 months in…that the Republicans would have figured it out by now.
But, NOPE. Tow sides of the same coin
A press conference here and there, make a big deal about pushing a bill that will never pass….hey, look Wyoming, I’m trying. Send me back again, I’ll do better next time.
So sad.
Yes, I believe the term is that oil is fungible.
He’s just one of many in congress willing to keep China happy dark days indeed.
Show me the RECEIPTS where we got PAID for it!!
.........many conjecture crackhead Hunter Biden makes money on his supposed “oil transactions with China”........
More likely.......the parasitic Bidens are tanking up scot free on our SOR.
Put everybody who votes "no" on the record. You would not have them do that?
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