This week, the House voted on the H.R. 22, Protecting America’s Strategic Petroleum Reserve from China Act, of which I was an early co-sponsor. This legislation prevents the Secretary of Energy from selling any Strategic Petroleum Reserve (SPR) oil to an entity affiliated with the Chinese Communist Party (CCP) or any entity that plans to export it to China.
The Strategic Petroleum Reserve (SPR) was created for serious weather events or national security emergencies, but President Biden has now drained our SPR, which was once the world’s largest stockpile, by 36%, and it is now at its lowest level since 1984. In July, the Biden administration risked both our national and energy security by allowing oil from the SPR to be sold to a CCP affiliated company, even though Americans were seeing skyrocketing prices at the pump. The solution to low oil supply is simple - increase domestic production. However, the Biden administration has continued to put a stop to federal land and offshore lease sales for oil and gas development over the past two years and has interfered with the creation of pipelines and large-scale refineries with new and cumbersome regulations.
Energy security is national security. Draining our strategic reserves for political purposes and selling portions of it to China are significant threats to our national security. Not only is it troubling that we are no longer energy independent, it’s equally concerning that we are helping China build up its reserves amidst rising tensions with Taiwan. House Republicans are fighting to ensure one of our greatest geopolitical adversaries does not benefit from President Biden’s anti-American energy policies.