Joe Biden Sold Nearly One Million Oil Barrels From Emergency Reserves to State-Owned Chinese Gas Giant By Harriet Alexander

[Manuel Tavares]

Joe Biden Sold Nearly One Million Oil Barrels From Emergency Reserves to State-Owned Chinese Gas Giant
By Harriet Alexander
https://rayviolet.blogspot.com/2022/07/joe-biden-sold-nearly-one-million-oil.html

Joe Biden has sold 950,000 barrels of the United States’ Strategic Petroleum Reserve to a state-owned Chinese firm which Hunter Biden’s private equity firm held a $1.7 billion stake, reports say.

Last week it emerged five million barrels of oil have been sent abroad, after the White House claimed releasing them would help ease Americans’ pain at the pumps.

The president was first slammed when it emerged between a fifth and a sixth of the reserve oil he bragged about releasing to boost supply made its way offshore to Europe and Asia in June.

Then on Friday it further emerged some of the oil was shipped to a firm previously connected to the president’s son.

The 950,000 barrels were sold to Unipec, the trading arm of the China Petrochemical Corporation – better known as Sinopec.

Sinopec is also tied to the private equity firm BHR Partners – which Hunter co-founded in 2013.

In 2015, BHR bought a $1.7 billion stake in Sinopec, The Federalist reported...+
https://rayviolet.blogspot.com/2022/07/joe-biden-sold-nearly-one-million-oil.html