Biden Sold Nearly 1M Barrels from U.S. Reserve to CCP-Owned Oil Company Linked to Hunter Biden Firm

Biden sold oil from the US Strategic Petroleum Reserve to a Chinese state-owned gas company that has financial ties to a private equity firm cofounded by Hunter Biden

• Biden's Department of Energy announced the sale to Unipec in April
• Sinopec is owned by the Chinese Communist Party and is controlled by the Communist Party
• Vice President Biden's son, Hunter Biden, is also connected to the company through BHR Partners
• It is unclear whether the younger Biden still has a financial stake in BHR or if he is out of the company

The President's Son

• The president's son is not an employee of the federal government, and has not been approved for employment by the White House
• Jen Psaki, the press secretary at the time, said that the representative of the person who hired Ivanka Trump did not have to disclose that the son was not employed by the government

Biden's administration said the sale would address the pain Americans are feeling at the pump" and fight back against "Putin's price hike," as the administration calls it.

• However, Unipec has continued to fuel the Russian economy by purchasing oil from the country, despite promises that it would purchase "no more Russian oil going forward."

Daniel Turner, founder of Power the Future, blasted Biden's move and told the Washington Free Beacon that it highlights the Biden family's "relationship with China."

• "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."

 

https://www.breitbart.com/politics/2022/07/07/report-joe-biden-sold-nearly-one-million-barrels-from-u-s-strategic-petroleum-reserve-to-ccp-owned-oil-company-linked-to-hunter-biden-firm/