The Biden administration sold approximately one million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to buy Russian oil, a move the Energy Department stated would “support American consumers” and combat “Putin’s price hike.” Conveniently, the gas company is connected financially…to Hunter Biden.
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 business, which is frequently referred to as Sinopec, is entirely owned by the Chinese federal government. The Biden administration declared the relocation would “address the pain Americans are feeling at the pump” and “help lower energy costs.” More than 5 million barrels of oil launched from the U.S. emergency situation reserves, nevertheless, were sent out overseas last month, according to a Wednesday Reuters report. A minimum of one delivery of American crude went to China, the report stated.
The Biden administration likewise declared 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 drags on, Unipec has actually continued to buy Russian oil. In May, for instance, the business “significantly increased the number of hired tankers to ship a key crude from eastern Russia,” Bloomberg reported. That choice came approximately 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.
The White House did not return an ask for remark. Its choice to offer barrels from the nation’s Strategic Petroleum Reserve to a Chinese corporation comes as the American public progressively sours on Biden’s energy policies. According to a January Gallup poll, approximately 3 in 4 Americans are not pleased with the federal government’s nationwide energy policy, the highest level in approximately 20 years.
Power the Future creator Daniel Turner advised Biden for offering “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 likewise stated the choice highlights the Biden family’s”relationship with China.” Biden’s son, Hunter Biden, is connected to Sinopec. In 2015, a personal equity company he cofounded bought a $1.7 billion stake in Sinopec Marketing. Sinopec went on to go into settlements to acquire Gazprom in March, one month after the Biden administration approved the Russian gas giant.
Biden campaigned greatly versus the oil and gas market in 2020, guaranteeing to “end fossil fuel.” He went on to cancel the Keystone XL pipeline and execute a moratorium on brand-new gas leases on federal land throughout his very first month in office. Biden’s energy secretary, on the other hand, is working with left-wing activists who wish to get rid of nonrenewable fuel sources, and in late October, House Oversight and Reform Committee Democrats pressed top oil executives to produce less gas due to climate change.
Gas rates have actually considering that skyrocketed to tape highs. In mid June, the nationwide average for a gallon of gas exceeded $5 for the very first time ever. Still, the White House has assured Americans that they require to pay high gas rates to support the “liberal world order.”
“What do you say to those families that say, ‘Listen, we can’t afford to pay $4.85 a gallon for months, if not years?'” CNN anchor Victor Blackwell asked Biden economic adviser Brian Deese in late June. “This is about the future of the liberal world order and we have to stand firm,” Deese responded.
CNN: "What do you say to those families that say, 'listen, we can't afford to pay $4.85 a gallon for months, if not years?’"
BIDEN ADVISOR BRIAN DEESE: "This is about the future of the Liberal World Order and we have to stand firm." pic.twitter.com/LWilWSo72S
— Breaking911 (@Breaking911) July 1, 2022
H/T The Washington Free Beacon