Biden sold 1 MILLION oil barrels from SPR to Chinese gas giant that Hunter had $1.7B stake in

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Assessment: I have to ask again, does Joe Biden hate us? …

  • Joe Biden in April authorized the release of a million barrels of oil a day from the Strategic Petroleum Reserves
  • He said it ‘will help address supply disruptions caused by Putin’s further invasion of Ukraine and the Price Hike that Americans are facing at the pump’
  • Last week it emerged that the Biden administration had in fact sent five million barrels abroad

“But there was none like unto Ahab, which did sell himself to work wickedness in the sight of the LORD, whom Jezebel his wife stirred up.” 1 Kings 21:25

 

China Scolds Sinopec After Second Fatal Accident This Month - Bloomberg

 

  • On Thursday it emerged that 950,000 barrels were being sold to the Chinese state-owned China Petrochemical Corporation, known as Sinopec
  • On Friday, it further emerged that Hunter Biden’s private equity firm bought a $1.7 billion stake in Sinopec seven years ago
  • Hunter’s lawyers in November said that he no longer holds a stake in the investment company

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.

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.

Read More @ Daily Mail HERE