To comply with FTC regulations, all links could lead to commissions paid to the publisher. Please see Advertising Disclosure in sidebar.
WASHINGTON, D.C. – Nearly one million barrels of oil from the U.S. Strategic Petroleum Reserve were sold by the Biden Administration to a gas company wholly owned by the Chinese government that a private equity firm co-founded by President Joe Biden’s troubled son, Hunter, had a previous $1.7 million stake in.
The U.S. Energy Department in March announced that they were conducting an “emergency sale” of 30 million barrels of crude oil from the reserve, the proceeds of which were be used to “provide a wartime bridge that will support American consumers and the global economy in response to Vladimir Putin’s war of choice against Ukraine,” in addition to addressing “the pain Americans are feeling at the pump as a result of Putin’s Price Hike and to help lower energy costs.”
Of the 12 companies that bid upon the “price-competitive” reserve oil was Unipec America, Inc., which purchased 950,000 barrels; however, it was revealed this week that the company is in fact owned by the China Petrochemical Corporation – also known as Sinopec – that is under the complete control of the Chinese government.
FREE DIGITAL SUBSCRIPTION: GET ONLY 'FEATURED' STORIES BY EMAIL
Big Tech is using a content filtering system for online censorship. Watch our short video about NewsGuard to learn how they control the narrative for the Lamestream Media and help keep you in the dark. NewsGuard works with Big-Tech to make it harder for you to find certain content they feel is 'missing context' or stories their editors deem "not in your best interest" - regardless of whether they are true and/or factually accurate. They also work with payment processors and ad-networks to cut off revenue streams to publications they rate poorly by their same bias standards. This should be criminal in America. You can bypass this third-world nonsense by signing up for featured stories by email and get the good stuff delivered right to your inbox.
That fact alone is eye-opening, but another tidbit of information that is even more provocative is that BHR Partners, a private equity firm co-founded by Hunter Biden in 2013, owned a stake in the Sinopec valued at $1.7 million as recently as 2015. Then, in 2017, Hunter Biden purchased a 10 percent stake in BHR via Skaneateles, an LLC that he owned solely.
However, a lawyer representing Hunter Biden claimed in 2021 that his client no longer held any interest in either BHR or Skaneateles, despite China’s National Credit Information Publicity System in March 2022 showing that Skaneateles still possessed a 10 percent stake in BHR, and that Washington, D.C. business records still show Skaneateles’ owner as being Hunter Biden.
The Sinopec oil sale, and its connection to the Bidens, has raised calls for an investigation, including from Daniel Turner, the executive director of energy advocate group Power The Future.
“The Biden Administration sent critical resources to the communist Chinese, including one firm which has the president’s own son Hunter as an investor, at the same time Americans are struggling at the pump,” he said. “A special prosecutor should be appointed and Congress needs to investigate because the American people deserve the truth and they’re not getting it from the White House.”
Get great news content like this for your business website. Search engines love sites with frequently updated quality content and reward them with better search rankings. Get High Quality Content Updates for your site.
or a specific category with our 
