Cruz Introduces Bill to Protect U.S. Crude Oil Reserves from Foreign Adversaries
WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) today reintroduced the No Emergency Crude Oil for Foreign Adversaries Act to ensure that Strategic Petroleum Reserve (SPR) crude oil is not exported to nations that are adversaries of the United States. Forty-eight years ago today, the bill to create the U.S. SPR was introduced in the Senate.
Sen. Cruz previously introduced this bill in July of 2022.
About the bill, Sen. Cruz said:
“The Strategic Petroleum Reserve was intended to ensure that America had sufficient oil reserves in the event of an emergency. Instead, Joe Biden sold a portion of this critical national security asset to the Chinese Communist Party while the CCP is stockpiling oil for its own strategic use, and while Americans are paying higher and higher prices for fuel because of the Biden administration’s disastrous energy policies. The No Emergency Crude Oil for Foreign Adversaries Act would ensure this never happens again, banning SPR sales to China, North Korea, Iran and Russia, to ensure that our energy reserves are used for their real purpose: helping Americans.”
Read the full text here.
BACKGROUND:
- In 2020, Sen. Cruz led the fight to protect America and Texas’s energy producers from Russia and Saudi Arabia who wereexploiting the pandemic to flood the global oil market.
- Sen. Cruz led the fight against Russia’s dominance of European energy, and specifically Putin’s Nord Stream 2 pipeline. He secured passage of the sanctions that stopped the pipeline during the Trump administration and a second bill expanding the sanctions. He led the battle to force the Biden administration to impose his sanctions halting the pipeline.
- Sen. Cruz uses the annual national defense appropriations process year after year after year after year to include dozens of reforms and amendments supporting America’s Armed Forces in their fight for freedom. His amendments have dedicated $158 million for military construction projects in Texas, fought Chinese infiltration of American universities, banned China and included Taiwan in Pacific military exercises, protected Europe’s energy security from Russian aggression, and supported space-based missile interception efforts to better protect the United States.
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