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REPORT: Biden Administration Sold 1 Million Barrels From Strategic Petroleum Reserve to Chinese State-Controlled Firm Hunter Biden Held Stake In


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“More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs,” Reuters reported Wednesday.

“Cargoes of SPR crude were also headed to the Netherlands and to a Reliance refinery in India, an industry source said. A third cargo headed to China, another source said,” the report added.

Biden Regime Sends Oil From Our Strategic Oil Reserves to Foreign Nations

The latest revelations reveal that the Biden administration sold roughly 1 million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant which Hunter Biden had a stake in as recently as 2015.

WATCH:

The Washington Free Beacon had the scoop:

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.

Power the Future founder Daniel Turner admonished Biden 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.”

Cont. from the Free Beacon:

Turner also said the decision highlights the Biden family’s “relationship with China.” Biden’s son, Hunter Biden, is tied to Sinopec. In 2015, a private equity firm he cofounded bought a $1.7 billion stake in Sinopec Marketing. Sinopec went on to enter negotiations to purchase Gazprom in March, one month after the Biden administration sanctioned the Russian gas giant.

Biden campaigned heavily against the oil and gas industry in 2020, promising to “end fossil fuel.” He went on to cancel the Keystone XL pipeline and implement a moratorium on new gas leases on federal land during his first month in office. Biden’s energy secretary, meanwhile, is working with left-wing activists who want to eliminate fossil fuels, and in late October, House Oversight and Reform Committee Democrats pushed top oil executives to produce less gas due to climate change.

While gas prices hover around $5 per gallon, the Biden Administration continues its America Last agenda.

But as Biden’s adviser stated, paying higher gas prices is what Americans must do to support the “Liberal World Order.”

(WATCH) Biden Regime Tells Americans to Deal With High Gas Prices for the ‘Liberal World Order’



 

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