The American Senate passed a legislation on Thursday (July 20) to prohibit China from purchasing U.S. emergency reserve oil.
According to Bloomberg, Joe Manchin, Federal Senator of the Democratic Party of West Virginia, and Ted Cruz, a Republican Federal Senator Ted Cruz, Texas,The amendment was passed with the results of 85-14.
This legislation is similar to a proposal passed by the US House of Representatives in January, which proposes to prohibit the sale of strategic oil reserve to any company controlled by the Communist Party of China, and it is also prohibited from exporting strategic reserve oil to China.Manchin said that the version of the Senate is also prohibited from selling them to Russia, North Korea and Iran.
In order to curb oil prices after the outbreak of the Russian and Ukraine War, the Bayeng government released 180 million barrels of oil from a strategic oil reserve last year, which led to the US strategic oil reserve at a 40 -year low. ThereforeThe scale has become the focus of attention again.
The United States established a strategic oil reserve after the Arab country's petroleum embargo in the 1970s, and is currently 346.8 million barrels.The Biden government has vowed to supplement the reserves, but so far, the pace has been slow.
