Former vice president Joe Biden’s administration awarded contracts to 12 companies to purchase 30 million barrels of SPR crude oil from the US reserve. One of those companies having ties to Hunter Biden.
The installed Biden administration sold 0.95 million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant that continues to purchase Russian oil, a move the Energy Department said would “support American consumers” and combat “Putin’s price hike.”
The price hike started long before the Ukraine issues.
The first red line is when Biden was inaugurated. The second is when the Russia/Ukraine situation started. Our gas prices were increasing well before Putin and Zelensky got into their fight. This is not the Putin gas hike. This is the Biden gas hike.
In April the Department of Energy announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve (SPR).
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.”
How does Hunter Biden tie into all of this?
Unipec reportedly purchases oil across the globe and then apparently sells it through its Sinopec Marketing subsidiary.
According to Unipec’s LinkedIn page:
They are 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 the No.2 largest company on the Global Fortune 500 list in 2019.
Hunter Biden is tied to Sinopec.
Sinopec has a prior history with the Bidens. In 2013, Hunter Biden co-founded the private equity firm BHR Partners. In 2015, BHR acquired a $1.7 billion stake in Sinopec Marketing. In 2017, Biden took a minority stake in BHR, purchasing a 10% stake through an LLC he solely owned called Skaneateles.
Hunter Biden’s lawyer told the New York Times in November that the president’s son, “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.”
According to the Washington Examiner, however, Hunter Biden remained listed as a part-owner of the firm as late as March.
“Business records from China’s National Credit Information Publicity System accessed Tuesday continue to identify Skaneateles as a 10% owner in BHR, and Washington, D.C., business records continue to list Biden as the only beneficial owner of Skaneateles,” the paper reported. “The White House has routinely deflected questions about Biden’s business dealings to his attorneys, who have remained largely mum.”
“It’s possible that China’s business registry hasn’t yet been updated to reflect a potential transfer or sale of Skaneateles’s 10% stake in BHR to another party,” the Examiner added.
The Biden crime family seems to have no shame in deceiving the American people. Everything that the former vice president does is to benefit himself and his family.
As the installed president of the United States, you would think that he would occasionally have our country’s best interest in mind. I’m not sure he ever has in his 50+ years as a politician.
While we pay at the gas pump, he’s ensuring that his bank account and Hunter’s bank account are full.
