Political Quotes

“As Congress considers reforms to the Strategic Petroleum Reserve, I rise once again to urge my colleagues to close a dangerous loophole that has existed since 2015, which allows our foreign adversaries to purchase our strategic oil supply. As the law is currently written, oil from the SPR is sold by the Department of Energy to our highest bidders with little exceptions on what countries can purchase the U.S. supply. That means that our fiercest adversaries like China and also Russia, Iran, and North Korea and other sanctioned governments can purchase and export our strategic oil. In fact, Chinese-owned and affiliated companies have won purchase contracts during the past Presidential administrations. Simply put, this loophole is threatening to our national security. It poses threats to our American families. The American people need to act quickly. That is why, 2 weeks ago, I reached across the aisle to reintroduce a bill that my colleague, Representative Don Bacon, and I have that addresses this issue. It is called the Banning Oil Exports to Foreign Adversaries Act. This bill is straightforward, and it is common sense. It prohibits the export or sale of the SPR to China, North Korea, Russia, Iran, and any country currently under U.S. sanctions. Last week, my colleagues and I voted to pass a bill through the House that would prohibit the sale of our reserve to China, but that legislation does not go far enough. Do we want North Korea buying oil?…”