New Bill Would Bar Export of Reserve Oil to China, Other 'Adversaries'
Sens. Joni Ernst, R-Iowa, and John Fetterman, D-Pa., introduced a bill March 21 that would prohibit the sale of oil from the U.S. Strategic Petroleum Reserve to “foreign adversaries,” including China, Cuba, Iran, Russia, Syria and Venezuela. The proposed “Banning…
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Oil Exports to Foreign Adversaries Act” seeks to prevent “anti-democratic regimes” from winning public auctions that the Energy Department holds to sell excess oil from the reserve, Ernst’s office said.