Brandon admin selling off US strategic oil reserve to foreign countries to “help” American consumers
“Biden Sold a Million Barrels from US Strategic Petroleum Reserve to China-Owned Gas Giant,” so says the The Washington Free Beacon.
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.”
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. The Biden administration claimed the move would “address the pain Americans are feeling at the pump” and “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. At least one shipment of American crude went to China, the report said.
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.
Biden campaigned heavily against the oil and gas industry in 2020, promising to “end fossil fuel.” He went on to cancel the Keystone XL pipeline and implement a moratorium on new gas leases on federal land during his first month in office. Biden’s energy secretary, meanwhile, is working with left-wing activists who want to eliminate fossil fuels, and in late October, House Oversight and Reform Committee Democrats pushed top oil executives to produce less gas due to climate change.
Your Irascible Correspondent seems to remember that the Trump Administration strongly suggested that the already depleted Strategic Petroleum Reserve should be replenished with American produced oil while prices were cheap. The
Communist Democrat controlled House, led by Nancy “Cocktail Nan” Pelosi, was horrified and indignantly refused.
I’m sure that we can all take comfort in the fact that despite US national security having been weakened that America is being weaned off dependence on oil, leading the way into the new and improved “Liberal World Order.” Oh, and the best part, the Big Guy gets his 10% cut.
CNN: "What do you say to those families that say, 'listen, we can't afford to pay $4.85 a gallon for months, if not years?’"
BIDEN ADVISOR BRIAN DEESE: "This is about the future of the Liberal World Order and we have to stand firm." pic.twitter.com/LWilWSo72S
— Breaking911 (@Breaking911) July 1, 2022
They are looting the country before jetting off to their bunkers in New Zealand right before the whole thing collapses in smoking ruin.
Selections have consequences.