The Biden gang has sold nearly a million barrels of oil from U.S. emergency reserves to a Chinese-owned corporation with ties to Joe Biden’s scandal-ridden son Hunter.
Republican lawmakers slammed the Biden administration, calling the move to sell oil reserves to China “defies all common sense” and is benefiting U.S. adversaries at the cost of national interests, with some calling the action “impeachable.”
In April, Biden’s Department of Energy announced the nearly one million barrel sale to Unipec, which is the trading arm of Sinopec. Sinopec is wholly owned and operated by the Chinese Communist Party .
Unipec reportedly purchases oil across the globe and then apparently sells it through its Sinopec Marketing subsidiary.
According to Unipec’s LinkedIn page: UNIPEC America, Inc. is a wholly owned subsidiary of China International United Petroleum and Chemical Co. Ltd., better known as UNIPEC. UNIPEC is the trading arm of SINOPEC, currently No.2 largest company on the Global Fortune 500 list in 2019. Biden’s son, Hunter Biden, reportedly has financial ties to the CCP-owned Sinopec. A private equity firm Hunter Biden cofounded reportedly purchased a nearly $2 billion stake in Sinopec Marketing in 2015.
On Thursday, The Washington Free Beacon pointed out that the sale went largely unnoticed at the time,
The revelation comes after a Wednesday Reuters report revealed that the Biden administration had recently released five million more barrels of crude oil from the strategic reserve to other countries. China received about one million barrels of the latest release.
The Daily Wire dropped some details: Last year, an attorney for Hunter Biden told The New York Times that Hunter “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.” As recently as March, records in China’s National Credit Information Publicity System showed that Skaneateles still retained its 10% stake in BHR. Business records in Washington, D.C., still listed Hunter as the sole owner of Skaneateles at the time. It is not clear whether the Chinese records were accurate or needed to be updated. The revelation about the March sale to Sinopec has already begun sparking calls for an investigation. Daniel Turner, the executive director of the energy advocate group Power The Future, said that the March deal warrants investigation.
Here’s what Turner said in a statement:
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