President Joe Biden has been draining the nation’s Strategic Petroleum Reserve for the past few months, ostensibly to reduce oil and gas prices domestically, but several million barrels of that reserved oil have been sold to foreign companies, including nearly a million barrels to a company wholly owned by the communist Chinese regime.
Rep. David Valadao (R-CA) filed a motion to an appropriations bill Wednesday to prevent that from happening again, but all House Democrats voted unanimously to block the GOP congressman’s “common sense” motion to protect our nation’s resources, Breitbart reported.
Motion to block future sales of U.S. oil reserves to China
On Wednesday, Rep. Valadao filed a motion to recommit an appropriations bill known as H.R. 8294, which would allow members to make amendments to the bill before a final vote for passage.
Valadao’s one-page motion simply stated: “None of the funds made available by this Act may be used to draw down and sell petroleum products from the Strategic Petroleum Reserve to any entity that does not certify to the Secretary of Energy that — (1) it is not under the ownership, control, or influence of the Chinese Communist Party; and (2) such petroleum products will not be exported to the People’s Republic of China.”
Unfortunately, all 219 House Democrats voted in unison to block Valadao’s motion to recommit — a move that essentially expressed Democratic support and approval for President Biden to continue selling our nation’s limited and vital oil reserves to China.
Biden sold U.S. oil reserves to Chinese government-owned company
This motion from the California Republican appeared necessary following a report two weeks ago from The Washington Free Beacon that approximately 950,000 barrels of oil from the Strategic Petroleum Reserve had been sold in April to a company known as Unipec, the U.S. trading arm of China Petrochemical Corporation, better known as Sinopec, which is wholly owned by the communist Chinese regime.
Biden’s release of millions of barrels of oil from the strategic reserve is supposedly intended to reduce costs for Americans as well as global demand for Russian oil, but the outlet reported that Unipec has actually increased the amount of oil it has purchased from Russia, thus negating the stated purpose of Biden’s foolish gambit with the nation’s precious reserves.
As if that in and of itself wasn’t bad enough, there is also an added element of potential corruption in that deal, as records show that a private equity firm co-founded by the president’s son, Hunter Biden, had purchased a $1.7 billion stake in Sinopec in 2015 and may well have derived a profit from that sale of the reserved oil supply.
The last thing we should be doing is sending precious oil reserves to China
As for Rep. Valadao’s failed motion, he took to the House floor Wednesday ahead of the vote to ask for the support of his Democratic colleagues for his “common sense” motion to block the sale of U.S. oil reserves to China because “we need to focus on increasing energy production and not supporting our adversaries while Americans are still suffering from outrageously high fuel prices here at home.”
“These reserves are meant to be used in emergencies only. They are not meant to be used when our leadership has failed us by unnecessarily restricting domestic energy production,” he continued and went on to blast the Biden administration for using the nation’s “depleted” and “diminished” oil supplies to “help China build up their own strategic reserves.”
“It is irresponsible and dangerous for the United States to provide a foreign adversary with fuel that we need to keep here in the United States in case of an emergency,” the congressman said. “It seems the Biden administration is helping to support China’s national security at the expense of our own.”
“What we should be doing instead is supporting our energy producers here in the United States. We have abundant resources that can and should be used,” Valadao concluded. “We are deliberately holding our country back by overregulating and stifling our domestic energy producers. The very last thing we should be doing is sending out precious resources from the Strategic Petroleum Reserve to China.”