The Rest Of The Story…

On July 6th I posted an article about oil from the United States’ Strategic Oil Reserve being shipped overseas. I was willing to give President Biden the benefit of the doubt because evidently there are international rules that govern where oil is sold. However, new information about the transactions involved is troubling.

Today The Federalist reported the following:

On Wednesday, Reuters revealed that more than 5 million barrels of oil from the nation’s Strategic Petroleum Reserves were sent overseas as part of President Joe Biden’s latest release initiated in March.

Some of that oil went to India, some to the Netherlands, and some was sent to China where the president’s son has engaged in years of potentially criminal business activity embroiling the Biden White House in scandal since the 2020 campaign.

On July 7th, The Washington Free Beacon reported:

“The Biden administration sold roughly one 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 Beacon’s Collin Anderson reported. “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. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government.”

…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.”

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. Sinopec went on to enter negotiations to purchase Gazprom in March, one month after the Biden administration sanctioned the Russian gas giant.

Obviously some of the decisions made have not been in the best interests of Americans, and some of the decisions made have probably enriched the pockets of Hunter Biden. However, I predict there will be no consequences. It is too close to the mid-terms, and there are too many Republicans who are afraid to challenge any of the corruption in the Biden administration. It is a shame there are not enough principled Democrats or Republicans to speak out against obvious corruption.