Nearly a 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. This information comes in the wake of Wednesday’s revelation that millions of barrels of oil released from America’s Strategic Petroleum Reserves were shipped abroad to China, India, and Europe.
According to Reuters, more than five million barrels of crude oil that were supposed to be used in the US to lower soaring gas prices were instead shipped to China, India, and European countries.
The China Petrochemical Corporation’s trading arm, Unipec, would purchase 950,000 Strategic Petroleum Reserve barrels, according to a Biden administration announcement. According to the Washington Free Beacon, the Chinese government owns 100% of this business, which was formerly known as Sinopec.
Department of Energy stated that the sale of these barrels, along with other barrels that make up the total sale of 30 million barrels, “will support American consumers and the global economy in response to Vladimir Putin’s war of choice against Ukraine,” as well as “address the pain Americans are feeling at the pump as a result of Putin’s Price Hike and to help lower energy costs.”
The creator of Power the Future, Daniel Turner, criticised the Biden administration for “giving raw materials to the Communist Chinese for them to utilise as they please” in an interview with the Washington Free Beacon.
“We were promised that Biden was releasing this oil to the United States so it could be converted into gasoline and lower gas prices. Therefore, they are lying to the American people straight away “Washington Free Beacon was informed by Turner. “What they did is not even substantially connected to what they’re saying they did.”
Turner stated that the Biden family’s “connection with China” is highlighted by their choice to sell to Unipec.
A private equity company cofounded by Hunter Biden acquired a $1.7 million interest in Sinopec Marketing in 2015.
The Washington Free Beacon reports that Sinopec started talks to buy Gazprom in March, a month after the Biden administration imposed sanctions on the Russian gas company.
Unipec has also promised to stop buying Russian oil once “shipments that have arrived in March and are due to arrive in April” have been completed. However, Bloomberg reported that the company “significantly increased the number of hired tankers to ship a key crude from eastern Russia” in May.
DISCLAIMER: The author is solely responsible for the views expressed in this article. The author carries the responsibility for citing and/or licensing of images utilized within the text.