BIDEN GAVE 1 MILLION BARRELS OF OUR EMERGENCY OIL STOCKPILE TO HUNTER’S FRIENDS IN CHINA
Written by Peter Boykin on July 8, 2022
Shared By Peter Boykin – American Political Commentator / Citizen Journalist
The Biden regime took 950,000 barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) and sold it to a Chinese-owned gas company with financial ties to… Hunter Biden.
What is the SPR:
It’s a stockpile of oil that the United States keeps for use in times of true emergencies like war or natural disasters. It can hold a little over 700 million barrels of oil.
On March 31, 2022, Biden announced that he would begin selling off our emergency wartime reserves at a rate of 1 million barrels per day for 180 days in order to bring down gas prices [instead of allowing oil companies to produce more oil].
By the way, this didn’t work. Gas prices hit all-time-highs last month.
Here’s where it gets real shady:
A lot of that SPR oil was sent overseas to Europe and Asia…
1 million of those barrels were sold to a Chinese state-owned gas giant called Unipec.
Hunter Biden’s private equity firm, BHR Partners, reportedly purchased a $1.7 billion stake in Unipec’s parent company in 2015.
The White House claims Hunter no longer has financial ties to Unipec.
But Chinese corporate records show he still owns 10%.
Big picture:
Hunter Biden has zero background in oil. So why would this Chinese-owned company want anything to do with him? I think this story answers that question.
Joe Biden should be impeached for this. He shouldn’t have dipped into our emergency reserves in the first place. But since he did, it should have been used at home to help Americans. Instead, he shipped it overseas to his crackhead son’s Chinese communist business partners.
[Source: Free Beacon, Reuters, Breitbart]
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