As gas prices go through the roof Biden is giving China portions of America’s Strategic Petroleum Reserve and all roads lead back to Hunter.
President Biden authorized a deal to sell one million barrels of oil to a CCP-back energy firm that continues to buy oil from Russia.
From the Washington Free Beacon:
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.
It just so happens that Hunter Biden is tied to Sinopec.
In 2015, a private equity firm Hunter cofounded bought a $1.7 billion stake in Sinopec Marketing.
Gas prices have soared under Biden and come to find out he’s now selling what little is left to the CCP and his family is profiting off it.
“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. “This is about the future of the liberal world order and we have to stand firm,” Deese responded.