(PresidentialWire.com)- A review of documents from the Department of Energy shows that the Biden administration has sold almost 6 million barrels of oil from the Strategic Petroleum Reserve to a Chinese-linked energy company.
Between September 2021 and last month, the Department of Energy awarded three crude oil contracts worth about $464 million to Unipec America, the US trading arm of the Chinese state-owned company Sinopec.
As the Washington Free Beacon reported last month, a Chinese firm linked to Hunter Biden has invested in Sinopec.
In total, Unipec America purchased 5.9 million barrels of oil from the Strategic Petroleum Reserve which was exported to Sinopec.
After the Washington Free Beacon reported on the most recent sale of 950,000 barrels, the sales to Unipec America have faced harsh criticism, both for the firm’s connection to the president’s son and more generally, over the dwindling of the US stockpile to benefit the Communist Chinese.
The Biden administration has defended the sale, claiming that selling a Chinese-linked company oil from US reserves will “support American consumers and the global economy” while combatting “Putin’s price hike.”
By further depleting our reserve by selling to China? How does that work?
The world’s largest supply of emergency crude oil, the US Strategic Petroleum Reserve is designed to alleviate significant supply shortages during natural disasters or major geopolitical events.
However, since late last year, the Biden administration has been releasing oil from the strategic reserve to try and bring domestic gas prices down.
According to The Epoch Times, because of Biden’s actions over the last year, the strategic reserve has seen a steep decline. To reduce the price of gas, in March, Biden ordered a withdrawal of 1 million barrels a day for six months.
Cratering poll numbers are not a major geopolitical event or natural disaster.
Depleting the reserve for political purposes is bad enough. But selling millions of barrels to a US adversary on top of that is cataclysmic.
Louisiana Republican Congressman Clay Higgins told The Epoch Times that Biden selling oil from the strategic reserve to foreign adversaries undermines US national security.