Experts defend much-criticized oil sales to China as required by US law

By Breanne Deppisch

Published July 13, 2022 3:10am ET

Experts defend much-criticized oil sales to China as required by US law — President Joe Biden speaks at the Daniel Technology Center of Germanna Community College â Culpeper Campus, Feb. 10, 2022, in Culpeper, Va. Biden came into office with a plan to fix inflation â just not the particular inflationary problem that the country now faces. His belief is that a cluster of companies control too many industries, which reduces competition for both customers and workers. That leads to higher prices and lower wages at what the White House says is an average cost of $5,000 annually for U.S. families.

Recent reports that the United States sent oil from its emergency stockpile to China have touched off a wave of sharp Republican-led criticism in recent days, though experts contended that the sales were legally required.

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Experts defend much-criticized oil sales to China as required by US law

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