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U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) introduced the China Oil Export Prohibition Act. The bill would prohibit the exportation of oil and petroleum products from the United States to the Peoples’ Republic of China, and ensure we do not unwittingly aid and support our primary adversary.
“While gas prices soar across the country, the Biden Administration is allowing half a million barrels of American oil to go to China every day,” Rubio said. “This is unacceptable. We need to increase American oil production and give priority to domestic consumers, not send oil to a genocidal regime half a world away.”
“It’s absurd that we continue to export oil to Communist China while Americans pay more than $5 per gallon of gas here at home,” Scott said. “In the first three months of 2022 alone, the U.S. sent nearly 52 million barrels of oil and petroleum to Communist China.
And just to be up front - many current and former government officials do not consider China an adversary - as they are paid by China for certain services.
That won't bring the price of gas down to $1.99/gal...sorry
Obviously not - but it says that they are not doing everything in their power to help Americans.
And they are the top cause of pollution on the earth. So we have people telling us to drive less and conserve energy for the environment sending energy resources to the top polluter on the earth. Makes total sense...
Some of you get all bent out of shape if Trump tweets and burps the wrong way, but will give this stuff a pass that continues to nip at the economy in small bites.
That won't bring the price of gas down to $1.99/gal...sorry
Very true, if the US sold 52 million barrels of oil to China, in the first 3 months of 2022, that would be about 208 million barrels for all of 2022 and the US consumes a little under 20 million barrels every day!
So we stop selling oil to China for a year and we have 10 extra days of oil for us.
China will just buy more oil from Russia and probably get it at a discount as India is, because Russia’s customers are limited due to sanctions.
Meanwhile, China will retaliate, probably by banning export to the U.S. of some product the U.S. is currently dependent on China for. That’s the way it works. Punch and be prepared for a punch back. Anything else would be deemed a weakness, a loss of face.
Obviously not - but it says that they are not doing everything in their power to help Americans.
And they are the top cause of pollution on the earth. So we have people telling us to drive less and conserve energy for the environment sending energy resources to the top polluter on the earth. Makes total sense...
Some of you get all bent out of shape if Trump tweets and burps the wrong way, but will give this stuff a pass that continues to nip at the economy in small bites.
They got us in this mess to begin with. They don't want to "help" us at all.
soon,every nation will safeguard their physical resources ,under or above ground ,forget about t bills and US $ AS SAFE HAVEN or gold as store of value,it is the actual commodity which counts-lithium,coal,oil,gas,copper,aluminium.
China will just buy more oil from Russia and probably get it at a discount as India is, because Russia’s customers are limited due to sanctions.
Meanwhile, China will retaliate, probably by banning export to the U.S. of some product the U.S. is currently dependent on China for. That’s the way it works. Punch and be prepared for a punch back. Anything else would be deemed a weakness, a loss of face.
China imports 85% of the raw materials used to manufacture stuff. If we cut off raw materials they can't perform manufacturing and they have to layoff millions of workers. We would suffer from some shortages but their economy would collapse. Those who control the raw materials have the real power.
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