The US Senate has voted to block China from buying oil from emergency stockpiles. Strategic Reserves are at a 40-year-low following the Biden administration’s 180 million barrel drawdown last year to help tame oil prices. Jodi Schneider reports on Bloomberg Television.
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35 Comments
And we've been selling our strategic oil reserves to China because..?
Cho Bi Den 🇨🇳 is a traitor
Russia has a lot of oil that due to sanctions don’t have many countries to sell. So I doubt China is really worried?
UNDOING TRUMP'S
CHINESE BUSINESS DEALS
Save our reserves from China. Strategic financial move for America 🇺🇸. Take back control. Russia and China in partnership.
Political election football games start after Labor Day in September 2023
WW3 brought to you by the Chinese, Russian and American governments, soon to be here. Lock and load men, it’s about to get crazy.
oil to china? they build all our stuff. The citizens want cheap crap.
Impeach sleepy Joe Biden we got more oil in United States than any other country start drilling for oil in the USA Joe Biden give permits to draw oil in USA if he has any brains at all
This is a non-news event Bloomberg. SMH
Typical of our government, bringing to the floor a bill to restrict our "Strategic oil Reservers" from being used by China. The reserve is at a very low level. Why would we ever and have we ever made it available to China? Yes, soon they will be off for all of August on Recess. Our politicians are useless.
THE MEDIA IS LYING ABOUT CHINA'S ECONOMIC GROWTH AT Q2 6.3 % AS BAD NEWS WHEN U.S Q2 IS PROJECTED AT 1.2%FOR Q2. WHY WILL CHINA BUY U.S STRATEGIC OIL RESERVES WHEN CHINA HAS SAUDI RUSSA AFRICA . IF ANY THING CHINA WAS THE ONE BUYING OIL FROM RUSSIA AND SELLING IT TO THE U.S. INDIA WAS DOING THE SAME. RUSSIA DOES NOT HAVE MANY COUNTRIES TO SELL THEIR OIL TO? ARE WE DELUSIONAL? THEY ARE JUST MAKING THINGS UP NOW. . JOURNALISTIC DISGRACE. THE U.S MEDIA HAS STOOPED SO LOW TO LIE TO THE AMERICAN PEOPLE ABOUT CHINA.
AMERICAN SEMICONDUCTOR CHIPS MANUFACTURERS CEO ARE HEADING TO WASHINGTON TO ADDRESS THE CHINE CHIP BAN BECAUSE THEY ARE LOSING A LOT OF REVENUE SINCE CHINA IS THE LARGEST BUYER OF SEMICONDUCTOR AND CHIP PRODUCTS IS CHINA. OUR ANTI CHINA FOREIGN POLICIES ARE HURTING THE REVENUE OF AMERICAN COMPANIES. THIS IS INSANE.
Despite the economic downturn, I'm so happy 😊i have been earning $28,000 returns from my $8,000 investment every 12 days..
What a laugh. China doesn’t need any oil from the USA. Things like this just demonstrate how the Deep State manufactures memes that media like Bloomberg will continue to sucker people with. The Saudis are selling oil to China for yuan. Russia sells oil to China for a mix of yuan and rubble. It demonstrates what a paper tiger the USA is.
⛔guess Yellen trip to China begging them not to dump T-Bills didn't go well. Back to these games by the USA. LOL. China already buys from Saudi and Russia!
🤣😂China is shaking in their boots! Biden released the SOR to lower the gas prices after the Saudi told him to F off!
Non event
Why on earth will China wants to buy US oil of which cost so much more. China has unlimited supply of oil from the rest of the world. These are just politician trying to smear China !China now trades w 150countries
This is dumb. While abused by both parties and impact on prices eaten by sellers, it is a useful moderator of oil prices worldwide (since can be shipped, break embargo strategies and monopolistic
schemes.
Of course real security depends on stopping fossil fuels ASAP.
Yes ban sale to China as they have Russia oil!
How stupid to do so in the first place!
It shows the overall dumbness in government if we need a law for something like this. Like you need to put guardrails around the stupid.
The US continue to isolate itself. Wish the US well.
For me: the Roman Empire never reigned forever, so shall all ideologies.
they'll just get it from Russia, Saudi Arabia, Iran… etc
Completely useless ban and a waste of time. Oil is sold on the international market and who buys those particular barrels of oil coming from the reserve is kinda meaningless.
This is signal politics and no one dares speak out how stupid it is because then "Senator X is in favor of selling OUR oil to China!!"..
Um was it….. was it not already illegal?
lmfao wait, what?
American run out of options….
Chip banned fail
Oil banned ???? China do have Russia sale cheap oil ….
China doesn't need oil from the US so this is another dog and pony show.
US politicians smelling their own farts with a political show and thinking it is perfume. China is sitting on a billion and a half barrels of oil in their strategic reserve. A deal to buy oil from Iran in yuan. A deal to buy oil from the UAE in yuan. A deal to buy oil from Russia in rubols. A soon to be signed deal to buy oil from Saudi Arabia in yuan. This is gonna make zero difference to China.
🥸🥸🥸🥳🤡🐒🍌🍌🍌🍌🍌😝
Why so much animosity towards China?
Fascist Canada aka 🇬🇧/ 🇫🇷
Petroleum imports from Canada have increased significantly since the 1990s, and Canada is now the largest single source of U.S. total petroleum and crude oil imports. In 2022, Canada was the source of 52% of U.S. gross total petroleum imports and 60% of gross crude oil imports. did you know? The traitors in the US government are out of control. And let’s not forget we have fascist/socialists/monarchists running the colony of Puerto Rico and it’s energy.
yes, stop selling all of this stuff to china. China needs to be removed from Most favored nation. The deep state are fighting to keep this relation but our senators and representative for once understand what people want.