It definitely sailed when Joe gave millions of gallons of our emergency oil reserves for no good reason to China while we pay $5.00/gallon for gasoline here.
China has been buying up US companies for decades, something I have never been in favor of.
But there is a process that takes place when oil from the SPR is released. The DOE makes the announcement of the sale, and oil companies bid on the oil. It goes to the highest bidder, and they arrange with the DOE how and when the delivery will happen.
We've released about 30 Mn barrels AFAIK. A little over 5 Mn barrels went overseas, mostly to Asia and Europe. There is a company in Houston called Unipec, which is owned by Sinopec. Unipec bought 950,000 barrels in one of the DOE auctions. I don't know whether or not the oil went to China or elsewhere, it doesn't really matter.
The company is registered to purchase oil from the DOE, so they are allowed to bid. If they are the high bidder, they are the high bidder. That's the law.
And if you look at it another way- Trump added 77 Mn barrels from US suppliers when the price was low, and we sold 30 Mn barrels when the price was high. Buy low, sell high. I could see Trump doing the same thing if oil prices were going crazy, and being happy to brag about the profit.
I can't stand Biden, but not everything that happens is corrupted by
his own corruption. The shit that's going on in the world right now is due to the perception of Biden's weakness, and it's being exploited by countries unfriendly to the US.
We should not permit our dislike for Biden to translate into empowerment of our adversaries. We can fix our problems at home without taking a wrecking ball to the Post-WW2 order...