Some Spouts have accused the Biden administration of selling Str

Avalon - Some Spouts have accused the Biden administration of selling Strategic Reserve oil to China. Not true. The facts: The administration announced in March of this year the release of 1 million barrels of crude oil from the U.S. Strategic Petroleum Reserve every day for 6 months. The oil was sold to the highest-bidding oil companies - not to China or any other country. (Can't criticize the administration for selling to the highest bidder.) The crude is then the property of the oil companies. They may refine it themselves or sell it to a third party, as some have done, selling it to China.