February 01, 2023
The full text of the legislation is available here.
Manchin, Cruz and Colleagues Introduce Legislation to Block Strategic Petroleum Reserve Sales to China
Washington,
DC – Today, U.S. Senators Joe Manchin (D-WV), Chairman of
the Senate Energy and Natural Resources Committee, Ted Cruz (R TX), Angus King
(I-ME), Michael Bennet (D-CO), Maggie Hassan (D-NH), Dan Sullivan (R-AK), Mike
Braun (R-IN), Tom Cotton (R-AR), Cindy Hyde-Smith (R-MS), Tommy Tuberville
(R-AL), John Hoeven (R-ND), John Boozman (R-AR), Joni Ernst (R-IA), John Cornyn
(R-TX), Jerry Moran (R-KS), Roger Marshall (R-KS), Rick Scott
(R-FL), Mike Lee (R-UT), Kyrsten Sinema (I-AZ) and Mark Kelly (D-AZ)
introduced the Protecting America’s Strategic Petroleum Reserve from
China Act. The bipartisan legislation would prohibit the sale of American
crude oil from the Strategic Petroleum Reserve (SPR) to any company under the
control of the Chinese Communist Party and prohibit the export of any crude oil
from the SPR to China.
The
U.S. House of Representatives recently passed similar legislation by an
overwhelming, bipartisan vote of 331-97.
“The
Strategic Petroleum Reserve is a vital piece of our nation’s infrastructure that
bolsters our energy and national security. While the reserve has been a policy
Band-Aid for rising gas prices and the global unrest caused by Russia’s
invasion of Ukraine, the reserve is, above-all, meant to help the United States
and our allies through difficult times, not to help China power its economy.
This bill would ensure that we are not risking our energy security by selling
our petroleum reserves to China, and the bipartisan support this legislation
has received shows just how important it is for America to be energy secure and
independent,” said Chairman Manchin.
“The
Strategic Petroleum Reserve was intended to ensure that America had sufficient
oil reserves in the event of an emergency. Under no circumstances should we
sell any part of this stockpile to the Chinese Communist Party or any company
under its control. We need to immediately act to stop this from happening in
the future and unleash American energy, and I’m proud to work with my
colleagues and Sen. Joe Manchin on this important, bipartisan issue,” said
Senator Cruz.
“America’s
energy supply should be used to benefit U.S. consumers and enhance our national
security, not exported to Chinese Communists. The Biden administration’s
disastrous energy policies have already driven gas prices to historic highs. We
need to unleash American energy so we can restock and protect our SPR, help get
prices down here at home and ensure we aren’t aiding adversaries at our own
security and economic expense,” said Senator Boozman.
“Our
oil reserves should be used to help keep energy costs down for Americans, and
kept out of the hands of our adversaries. I urge my colleagues on both sides of
the aisle to join us in standing up to the Chinese Communist Party by
supporting this important bill,” said Senator Hassan.
“Gaining
bipartisan support for this commonsense legislation is terrific and a sign that
we can come together to put American interests first instead of allowing SPR
assets to be sold to the likes of the Chinese Communist Party,” said
Senator Hyde-Smith.
“There
is no reason why President Biden should be depleting our Strategic Petroleum
Reserves and benefitting the Chinese Communist Party when we need to unleash
American energy production to compete with China in the long term,” said
Senator Braun.
“The
Strategic Petroleum Reserve is a powerful tool to protect our national security
and limit the influence of oil-rich, autocratic leaders on our democracy. This
bill ensures that the SPR will continue to serve Americans and our allies, not
the Chinese Communist Party,” said Senator Bennet.
“This
is common sense, bipartisan legislation that would prevent the administration
from selling oil from the Strategic Petroleum Reserve to our adversary China.
Instead of draining our strategic reserves, the Biden administration should
take the handcuffs off our domestic energy producers so we can unleash more
U.S. oil in regions like the Bakken, and make our nation energy secure once
again,” said Senator Hoeven.
“Energy
security is a key component of national security, and the Strategic Petroleum
Reserve (SPR) is vital for the stability and strength of America’s economy and
Armed Forces. President Biden has used the SPR reasonably in response to
Russia’s invasion of Ukraine, but even when deployed as intended, it makes no
sense to be sending China the very reserves we’d rely on in a conflict with an
adversary. This bipartisan bill is a commonsense step to protect our reserves
and strengthen our national security,” said Senator King.
“The
Strategic Petroleum Reserve has one purpose—to supply America in times of
crisis. Our bill will ensure that our oil reserves cannot be purchased by any
company under the control of the Chinese government,” said Senator
Cotton.
“Make
no mistake—the biggest fan of President Biden’s radical energy policies is Xi
Jinping. Not only has President Biden’s day-one shutdown of U.S. energy
forfeited one of America’s greatest strategic advantages relative to China, his
administration actually sold a million barrels of oil from our Strategic Petroleum
Reserve to the Chinese Communist Party-controlled Unipec. The SPR is meant to
support our nation through major security crises—not to bail out a President’s
catastrophic energy policies or buttress our main global adversary. I’m glad to
join Senator Cruz and my colleagues in introducing legislation to bar this
administration from selling any more of our emergency energy reserves to
China,” said Senator Sullivan.
The full text of the legislation is available here.
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