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Impeachabele Offense: Biden Admin Sold 1 Million Barrels of Oil Reserves To Chinese Company Hunter Biden Invested In


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The Biden admin is literally spitting in the faces of the American people.

While gas prices are at an all-time high in the United States the Biden admin reportedly sold over 950,000 Strategic Petroleum Reserve barrels to a  Chinese gas company.

It wasn’t just any gas company however but rather it was a gas company that a private equity firm co-founded by Hunter Biden owns a $1.7 billion stake in.

It all happened back in April when the Biden admin quietly sold over a million barrels of oil to Unipec which is interconnected with the Chinese Government-owned Sinopec.

Hunter Biden’s private equity firm previously owned a stake in Sinopec Marketing which was valued at $1.7 million.

 

The Post Millennial shared these details:

Following Wednesday’s news that millions of barrels of oil released from America’s Strategic Petroleum Reserves were shipped overseas to China, India, and Europe, it has been revealed that nearly one million barrels of oil were sent to a Chinese energy company in which President Joe Biden’s son, Hunter Biden, had a stake as recently as 2015.

In April, the Biden administration announced that 950,000 Strategic Petroleum Reserve barrels would be sold to Unipec, the trading arm of the China Petrochemical Corporation. Commonly known as Sinopec, this company is wholly owned by the Chinese government, according to the Washington Free Beacon.

Speaking with the Washington Free Beacon, Power the Future founder Daniel Turner blasted the Biden administration for selling “raw materials to the Communist Chinese for them to use as they want.”

“We were assured Biden was releasing this oil to America so it could be refined for gasoline to drive down prices at the pump. So right off the bat, they’re just lying to the American people,” Turner told the Washington Free Beacon. “What they’re saying they did and what they did are not remotely related.”

Turner noted that the decision to sell to Unipec highlights the Biden family’s “relationship with China.”
In 2015, a private equity firm cofounded by Hunter Biden, Bohai Harvest RST, previously owned a stake in the Sinopec Marketing valued at $1.7 million.

The Washington Free Beacon added more to the story:

The Biden administration sold roughly one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would “support American consumers” and combat “Putin’s price hike.”

Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.

The Biden administration claimed the move would “address the pain Americans are feeling at the pump” and “help lower energy costs.” More than five million barrels of oil released from the U.S. emergency reserves, however, were sent overseas last month, according to a Wednesday Reuters report. At least one shipment of American crude went to China, the report said.

The Biden administration also claimed the Unipec sale would “support American consumers and the global economy in response to Vladimir Putin’s war of choice against Ukraine” and combat “Putin’s price hike.”

But as the war rages on, Unipec has continued to purchase Russian oil. In May, for example, the company “significantly increased the number of hired tankers to ship a key crude from eastern Russia,” Bloomberg reported. That decision came roughly one month after Unipec said it would purchase “no more Russian oil going forward” once “shipments that have arrived in March and due to arrive in April” were fulfilled.



 

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