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.
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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.”
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.
This is absolutely outrages!! Not only is he killing American jobs and the oil industry he’s selling our reserves to China!!! WTF?!? Biden and his entire cortical administration need to be removed from office asap!!!
bought and paid for by his daddy’s in the CCP. How much you think he got from that $1.7 billion deal, 10%?
Filthy Traitor. Pedophile and a Empty skin Sack and Parent.
But we knew that.
He still fooled a lot of people, but then history is showing that he has been a crooked ” bleep ” from the get go.
straight up grift, and no one says shit about it, 10% or omerta, what’s the difference anymore?
Commie Commie Commie Commie Commie Chameleon…