The Biden administration sold nearly one million barrels of oil from its reserves to a Chinese-owned company with ties to First Son Hunter Biden.
The news was revealed in a report from the Washington Free Beacon.
In the middle of a historic gas crisis Joe Biden shipped one million barrels of oil from the American petroleum reserve to a Chinese company his son Hunter has a large investment in.
This is *by far* the worst scandal of the regime.
The only answer is impeachment.
Pass it on.
— Benny Johnson (@bennyjohnson) July 7, 2022
The connection
“Biden is connected to Sinopec through BHR Partners, a private equity firm he co-founded in 2013. BHR bought a $1.7 billion stake in Sinopec Marketing in 2015. Biden at one point owned a 10 percent stake in BHR Partners through his wholly-owned firm, Skaneateles, LLC,” the Free Beacon reported.
“It is unclear whether the younger Biden still has a financial stake in BHR Partners. Biden’s White House has repeatedly claimed throughout 2019 and 2020 that Hunter Biden was out of the equity firm, but Chinese corporate records show he still has a stake in the company,” Breitbart News added.
We now know:
The Biden admin sold 1 million barrels from the Strategic Petroleum Reserve to a Chinese oil company that Hunter Biden has financial ties to, during an energy crisis
This is an impeachable offense
— Jack Posobiec 🇺🇸 (@JackPosobiec) July 8, 2022
The impact
Some are now calling for President Joe Biden’s impeachment over the deal.
BREAKING: Oil released from the U.S. Strategic Petroleum Reserve is being sent OUT OF THE COUNTRY by Biden
More than 5M barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe/Asia last month. pic.twitter.com/kFORgaxqr9— Sandytoes54 (@mothergoosex2) July 5, 2022
The oil sale is part of five million barrels sent from the reserve to other nations in Asia and the Middle East during a time when the U.S. has recently experienced record-high gas prices.
According to the White House press secretary, she was unaware of the deal.
Karine Jean-Pierre doesn’t know that millions of barrels of oil released from the U.S. Strategic Petroleum Reserve have been sent to foreign countries. pic.twitter.com/B51kV5XFC6
— RNC Research (@RNCResearch) July 5, 2022
The oil shipment is just another example of bad leadership on an issue where Biden is already struggling.