Strategic Petroleum Reserve - Page 2

Exclusive–Top Oversight Republican in Congress Demands Testimony, Documents from Biden Officials on Oil Reserve Sale to Hunter-Linked Chinese Firm

House Oversight and Reform Ranking Member James Comer (R-KY) told Breitbart News in an exclusive statement that when Republicans take control of the House, they plan on investigating reports that President Joe Biden sold nearly one million barrels from the U.S. Strategic Petroleum Reserve (SPR) to a Chinese state-owned gas company that has financial ties to a private equity firm cofounded by Hunter Biden.

FI:LE - In this Wednesday, Dec. 4, 2013 file photo, U.S. Vice President Joe Biden, left, w

Toomey: Biden Tapping Petroleum Reserve Won’t Work, OPEC Will Just Cut Production to Keep Prices High

On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Sen. Pat Toomey (R-PA) argued that President Joe Biden tapping the Strategic Petroleum Reserve won’t work to reduce gas prices because “the swing producers in OPEC can decide to just scale back what they produce to make sure that the prices stay high.” And that “you can’t begin the process of crushing supply and not expect to see a price spike.”

WASHINGTON, DC - JANUARY 30: Sen. Pat Toomey (R-PA) leaves the Senate chamber during a rec

Report: Joe Biden Asked China to Produce More Oil

The South China Morning Post (SCMP) on Wednesday quoted a “person familiar with the matter” who said President Joe Biden asked Chinese President Xi Jinping to release China’s oil reserves, thus stabilizing the high oil prices that have been helping to drive Biden’s poll numbers down.

US President Joe Biden meets with China's President Xi Jinping during a virtual summit fro