New Bill Would Bar Export of Reserve Oil to China, Other 'Adversaries'

Sens. Joni Ernst, R-Iowa, and John Fetterman, D-Pa., introduced a bill March 21 that would prohibit the sale of oil from the U.S. Strategic Petroleum Reserve to “foreign adversaries,” including China, Cuba, Iran, Russia, Syria and Venezuela. The proposed “Banning Oil Exports to Foreign Adversaries Act” seeks to prevent “anti-democratic regimes” from winning public auctions that the Energy Department holds to sell excess oil from the reserve, Ernst’s office said.