China, which has equally sized reserves to the U.S., has tapped only 7.4 million barrels of its own stockpile while our emergency supplies are shipped to Beijing.
House Democrats blocked a motion Wednesday that would have barred oil from the nation’s emergency petroleum reserves from being shipped overseas to entities under the control of the Chinese Communist Party (CCP).
The motion, proposed by California Republican Rep. David Valadao, would have made it illegal for oil from the emergency stockpile to be sent to China after President Joe Biden’s latest release sent 1 million barrels to Beijing enterprises. Democrats killed the motion with 219 voting against and 206 Republicans voting in favor.
“It is irresponsible and dangerous for the United States to provide a foreign adversary with fuel that we need to keep here in the United States in case of an emergency,” Valadao said promoting his proposal on the floor of the House. “It seems the Biden administration is helping to support China’s national security at the expense of our own.”
Earlier this month, Reuters revealed that American oil from the strategic petroleum reserves maintained for sudden supply shocks was shipped to the east Asian adversary as opposed to U.S. refineries. According to the Energy Department, 950,000 barrels ended up in the hands of Unipec, the trading arm of the China Petrochemical Corporation owned entirely by the Chinese government. The company is also known as “Sinopec,” in which the president’s son Hunter Biden invested $1.7 billion through the private equity firm BHR Partners.
Hunter Biden’s lawyer told The New York Times last fall that he “no longer holds any interest, directly or indirectly,” in the private equity firm built while his father was vice president. According to the Washington Examiner, however, Hunter Biden remained listed as a part-owner of the firm as late as March.
“Business records from China’s National Credit Information Publicity System accessed Tuesday continue to identify Skaneateles as a 10% owner in BHR, and Washington, D.C., business records continue to list Biden as the only beneficial owner of Skaneateles,” the Examiner reported in March. “The White House has routinely deflected questions about Biden’s business dealings to his attorneys, who have remained largely mum.”
On Wednesday, 19 House Republicans sent a letter to Energy Secretary Jennifer Granholm with demands for a briefing on the sale.
“The decision to sell to Unipec raises questions about why the Biden Administration is selling oil from the SPR to China, especially when the sale may enrich Hunter Biden, the President’s son,” wrote lawmakers led by Kentucky Rep. James Comer. “This transaction is even more troubling given that evidence continues to mount showing the Biden family peddled access to the highest levels of government to enrich...
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The America LAST administration
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