Republicans claim that President Joe Biden might have committed an atrocity “impeachable”He committed offense by announcing that he would send nearly one million barrels oil to China through a deal with a company linked to Hunter Biden.
In April, The Department of Energy sold 950,000 barrels of Strategic Petroleum Reserve to Unipec America, the American arm of what is China’s biggest energy company owned by China Petrochemical Corporation, The Epoch Times reported.
Sinopec is a state-run Chinese oil and gas enterprise based in Beijing that has been tied to President Joe Biden’s second son, Hunter Biden, whose foreign business transactions have fueled growing scrutiny.
Although the sale was not widely reported at the time it is being resisted by Republican legislators. As the U.S. Strategic Petroleum Reserve (SPR), the world’s largest emergency supply of crude oil, tank to a historic low while Americans nationwide feel the pinch of soaring gas and diesel prices, such a move runs counter to American interests and is putting national security at risk, the officials said.
“The Biden Administration should not be sending our reserves, which we need for our country, to China. It is foolish and defies all common sense,”Marco Rubio (Republican Florida Senator) said.
Reps. Troy Nehls (R-Texas) and Mike Loychik (R-Ohio) described the Biden administration’s sale of oil to China as “impeachable.”
“While you are paying FIVE DOLLARS a gallon at the pump and struggling to pay your electricity bill, Biden just sold one million barrels of our reserved oil to China so his family can make a buck. This is impeachable,”Republican Texas Rep. Troy Nehls said.
You are currently paying five dollars a gallon for gasoline and struggle to pay your electric bill. But Biden sold one million barrels to China to make his family a quick buck.
This is impeachable.https://t.co/tkxnr6jkD2
— Congressman Troy Nehls (@RepTroyNehls) July 8, 2022
The Washington Free Beacon reported.
Biden sold nearly one million barrels out of the Strategic Petroleum Reserve (about 1,000,000) to the Chinese state-controlled giant in gas that is continuing to purchase Russian oil. The Energy Department stated this would be a good move. “support American consumers”Combat “Putin’s price hike.”
Biden’s Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. The Chinese government owns the entire company known as Sinopec. Biden’s administration said the move would be beneficial. “address the pain Americans are feeling at the pump” “help lower energy costs.” More than five million barrels of oil released from the U.S. emergency reserves, however, were sent overseas last month, according to a Wednesday Reuters report. The report stated that at most one American oil shipment was sent to China.
Biden’s administration claimed that Unipec would be sold. “support American consumers and the global economy in response to Vladimir Putin’s war of choice against Ukraine”Combat “Putin’s price hike.”Unipec continued to import Russian oil, even though the conflict is raging. The company was able to purchase Russian oil in May. “significantly increased the number of hired tankers to ship a key crude from eastern Russia,” Bloomberg reported. That decision came roughly one month after Unipec said it would purchase “no more Russian oil going forward”• Once “shipments that have arrived in March and due to arrive in April” were fulfilled…
Turner also said the decision highlights the Biden family’s “relationship with China.” Biden’s son, Hunter Biden, is tied to Sinopec. In 2015, a private equity firm he cofounded bought a $1.7 billion stake in Sinopec Marketing. After the Biden administration had sanctioned Gazprom, Sinopec began negotiations to acquire Gazprom.
And that comes as House Oversight Committee ranking member, Republican Kentucky Rep. James Comer, accused the Biden Treasury Department of running “cover” for Hunter Biden by imposing a new rule for financial document requests, Fox News reported.
“The Biden Administration changed the rules to severely restrict Congress’ access to suspicious activity reports in the dark of night and with no explanation,”He said.” We now know Hunter Biden and other Biden family members have racked up at least 150 suspicious activity reports for their shady foreign business deals.”
“The Treasury Department’s sudden change of longstanding policy appears to be a broader pattern by the Biden Administration to run cover for Hunter Biden and possibly hide information about whether Joe Biden benefited financially from the Biden family’s business transactions,” he said. “The American people deserve answers and the Biden Administration must comply with congressional oversight.”
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