Golden yellow oil rig energy industry machine oil crude In the sunset backlighting The Senate on Thursday passed an amendment to the National Defense Authorization Act (NDAA) that would ban sales of oil from the Strategic Petroleum Reserve (SPR) to China, North Korea, Iran, and Russia.
The effort, which passed the Senate 85-12, was spearheaded by Senator Ted Cruz (R-TX) and West Virginia Senator Joe Manchin (D-WV). Under President Joe Biden, the SPR has been drained to 40-year lows.
“We know China has been amassing the largest stockpile of crude in the world. Nevertheless, last year, the United States sold off […]
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