According to a report from Breitbart News, the Biden administration sold nearly one million barrels of oil from the United States’ Strategic Petroleum Reserve (SPR) to a CCP-owned oil company that reportedly has financial ties to a firm cofounded by Hunter Biden.
Red Voice Media previously reported on the troubling details regarding the Biden administration selling off millions of barrels of oil from the SPR to foreign countries – despite that oil reserve being tapped specifically to alleviate the pain Americans have been feeling at the gas pump.
In a July 5th report from Reuters, over “5 million barrels of oil” which were specifically tapped into by the Biden administration to help Americans with gas prices stateside “were exported to Europe and Asia last month.” These exports occurred while gas prices were reaching record-level highs in the United States.
This past April, the Biden administration’s Department of Energy announced the sale of approximately 950,000 barrels of oil from the SPR over to a company called Unipec, which is reportedly the trading arm of Sinopec.
Objective reporting for the educated American.
It just so happens that BHR Partners, a private equity firm co-founded by Hunter Biden, had purchased a nearly $2 billion stake in Sinopec Marketing back in 2015. BHR Partners came into existence back in 2013, with Hunter having held a 10% stake in BHR Partners via his firm Skaneateles, LLC.
The Biden administration has routinely dodged questions regarding Hunter’s business dealings, including his stake in BHR Partners, often telling reporters to contact Hunter’s spokesperson on the matter since he’s not employed by the federal government.
Fox News host Jesse Watters covered the connection between Hunter and this CCP-owned oil company that just happened to benefit from America’s SPR oil, highlighting that this could be yet another instance suggesting that Hunter is selling influence of the White House to foreign entities.
“In 2015, Hunter’s firm, BHR, bought a nearly $2 billion stake in Sinopec. In November, Hunter’s attorney claims he divested his stakes in his Chinese holdings, but as of March, Chinese records still listed him as a 10% owner in the firm, BHR Partners – which a Georgetown professor valued to be worth a cool $20 million. The sale [of the SPR oil] happened in April, as of this moment, we can’t say for sure that Hunter has an ownership stake in this company. Nor can we say that he directly profited from the sale.
“But what’s indisputable is this: Hunter Biden is not a Chinese economist. He’s not a Chinese energy expert. The only reason why the Chinese would cut him into their company is so that he can peddle influence back in Washington with his dad and get them really great deals. And you know what? It looks like he did his job.”
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of the Objectivist. Contact us for guidelines on submitting your own commentary.