President Joe Biden reportedly released millions of barrels of oil last month from the SPR that ended up going to foreign nations, including China. In November, Biden ordered the release of 50 million barrels of oil from the SPR. He later released 30 million barrels on March 1 and 180 million barrels March 31.
“While Americans are paying record gasoline and diesel fuel prices, the Biden administration appears to have been letting our strategic oil stockpiles flow to foreign countries and entities. Critically, the American people deserve answers as to how exactly the Department justified sending oil from the SPR to China. DOE’s recent transfer of nearly one million barrels of oil to UNIPEC is just one concerning example,” Hawley wrote in the letter.
“That company is a wholly-owned subsidiary of a Chinese State-Owned Enterprise (SOE). This all comes at a time when the SPR’s level has fallen to about 492 million barrels of oil, the lowest level since 1985, due to the Department’s scheduled releases of nearly one million barrels per day,” he added.