Senator Ted Cruz is proposing a bill to stop President Joe Biden from selling America’s oil reserves to China.
Cruz is seeking to block Biden from recklessly selling America’s Strategic Petroleum Reserves to Communist China.
“Sen. Ted Cruz proposed legislation on Wednesday that would block the United States from selling Strategic Petroleum Reserve oil to China, Russia, North Korea, and Iran as President Joe Biden has drained the SPR to the lowest level in decades” Breitbart News reported.
“Cruz sponsored the No Emergency Crude Oil for Foreign Adversaries Act, a bill that would block the United States from selling to adversarial nations,” Breitbart reports. “It permits a waiver for national security reasons and requires the Department of Energy to report the destination of exported oil from recent SPR auctions.”
Cruz said America should absolutely not drain it’s SPR to benefit China.
“At a time of skyrocketing inflation and record gas prices, and with SPR drained to its lowest level since 1986, it is reckless and inexplicable that President Biden would allow oil from the Strategic Petroleum Reserve to be exported to China,” Cruz said.
“This practice poses a direct threat to American national security, not least of all because the Chinese Communist Party is currently stockpiling oil for strategic use, and the Biden administration is aiding their effort,” Cruz added.
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