U.S. House Passes Bill Keeping China From Purchasing Oil From SPR

The U.S. House of Representatives passed on Thursday a bill that looks to ban the sale of crude oil from the nation’s Strategic Petroleum Reserve to China. The new legislation bans all sales of crude oil from the United States’ SPR to any entity under the influence, control, or ownership of China’s Communist Party—unless that oil isn’t exported to China. The bill—H.R. 22, Protecting America’s Strategic Petroleum Reserve from China Act, did more than just squeak by along party lines. The legislation passed…