Republicans Investigate Biden Admin for Selling China Oil From US ReservesFree Beacon report sparks probeAdam Kredo and Collin Anderson • July 22, 2022 3:10 pmCongressional Republicans launched a formal investigation into the Biden administration on Friday following its decision to sell a Chinese state-controlled company nearly one million barrels of oil from the U.S. Strategic Petroleum Reserve, according to a copy of the probe obtained exclusively by the Washington Free Beacon.
The probe comes on the heels of a Free Beacon report detailing how the Biden administration sold China oil from the U.S. reserves amid a crippling energy crisis that has sent consumer prices skyrocketing. Rep. Pat Fallon (R., Texas), a member of the House Oversight and Reform Committee, is spearheading the investigation along with six of his GOP colleagues, including Reps. Ronny Jackson (Texas) and Ralph Norman (S.C.).
Fallon and his colleagues are demanding the White House turn over a trove of documents detailing the behind-the-scenes decision-making about these sales, as well as others potentially made to "foreign adversaries."
The Biden administration came under intense criticism earlier this month after it was disclosed that it sold Chinese state-controlled energy firm Unipec 950,000 oil barrels from the U.S. reserves, which historically are tapped in response to emergencies. The White House claimed the sale would "address the pain Americans are feeling at the pump" and "help lower energy costs." But critics say the administration is exploiting the reserves to appease foreign countries while it cuts production domestically to appease the Democratic Party’s far left flank.
"Your policies are harming American energy independence and benefiting our adversaries," the lawmakers write. "Draining the [U.S. reserves] to historic lows for the sake of political expediency … threatens the national security of our nation, and contemplates no long-term strategy to ensure the energy independence of the United States."
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https://freebeacon.com/biden-administration/republicans-investigate-biden-admin-for-selling-china-oil-from-us-reserves/
