As Ace of Spades always says of Biden's "achievements: NORMS RESTORED!
Thank God we got rid of that uncouth Trump, huh?
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. ... 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. ...
The White House did not return a request for comment. Its decision to sell barrels from the country's Strategic Petroleum Reserve to a Chinese conglomerate comes as the American public increasingly sours on Biden's energy policies.
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