I reported earlier on Thursday how Joe Biden had sold some of the oil from our Strategic Petroleum Reserve to China — and that Republicans were demanding answers as to why. Tucker Carlson said Biden should be impeached over it.
I noted the concerns this causes for national security, and it also raised questions given the connections between the Biden family and China in the past.
Now, there’s more. Joe Biden is selling oil to a Chinese government company that is also continuing to buy Russian oil.
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.” [….]
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.
That would be bad enough — selling to a company directly owned by the Chinese government and basically helping China build up their reserve while depleting our own stores. But the company is also connected to Hunter Biden.
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.
Um, paging Congress. Does anyone want to ask the proper questions and follow up on what’s going on here?
Originally Posted on: https://redstate.com/nick-arama/2022/07/07/smoking-gun-bidens-sale-of-oil-from-strategic-reserve-went-to-chinese-company-connected-to-hunter-biden-n590680