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Biden Administration Illegally Sells Oil to China,

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Post# of 127967
(Total Views: 201)
Posted On: 01/02/2023 6:10:39 PM
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Posted By: energy_wave
Re: energy_wave #98022
Biden Administration Illegally Sells Oil to China, Depleting Strategic Petroleum Reserve



Quote:
The Biden administration sold a million barrels of oil from the Strategic Petroleum Reserve to a China-owned gas giant. This is bad for national security, because it enables China to build a stockpile to use during a future war against America’s ally Taiwan. It leaves the U.S. with even less oil to cope with a future Russian oil embargo, which would create massive oil shortages and raise the price of oil as high as $11 per gallon. Biden’s release of oil from the strategic reserve was illegal under the 1975 Energy Policy and Conservation Act, because it wasn’t in response to an emergency.



https://intellectualtakeout.org/2022/07/biden...m-reserve/


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