On Wednesday of last week Reuters revealed the bombshell that of the oil from the U.S. emergency reserves that President Joe Biden promised were to “ease the pain that families are feeling” in the United States, more than 5 million barrels of oil were sent overseas. Part of that release from the nation’s Strategic Petroleum Reserves (SPR) was sent to China. The Chinese recipient of that oil has ties to President Biden’s son, Hunter Biden.
On Thursday, the Washington Free Beacon published specific details: “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.’”
The Chinese state-controlled gas giant, together with the President’s son, have engaged in “years of potentially criminal business activity embroiling the Biden White House in scandal since the 2020 campaign” reports The Federalist.
How much did Hunter make? https://t.co/XSlxfA1Yjn
— House Judiciary GOP (@JudiciaryGOP) July 8, 2022
The Federalist writes:
“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.”
Sinopec is also tied to Hunter Biden, whose private equity firm, BHR Partners, bought a $1.7 billion stake in the company seven years ago.
Hunter Biden’s lawyer told the New York Times in November that the president’s son, “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.”
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 paper reported. “The White House has routinely deflected questions about Biden’s business dealings to his attorneys, who have remained largely mum.”
“It’s possible that China’s business registry hasn’t yet been updated to reflect a potential transfer or sale of Skaneateles’s 10% stake in BHR to another party,” the Examiner added.
Biden’s Energy Department has thus far refused compliance with requests under the Freedom of Information Act probing the administration’s improper use of the nation’s strategic oil reserves maintained for emergencies.
“Last week, the Functional Government Initiative, a nonprofit government watchdog, filed a lawsuit to compel records concerning administration officials’ decision to tap the oil reserves in the absence of a sudden disruption in supply such as a hurricane or cyberattack” reports The Federalist.
Equally infuriating, “by the end of Biden’s latest release from the emergency stockpile, the president will have depleted 260 million barrels from the nation’s reserves” adds The Federalist. “In May, the Department of Energy announced efforts to replenish only 60 million barrels of what’s been released, despite an authorized storage capacity of 714 million barrels. The Energy Information Administration reported that just more than 492,000 barrels remained in storage on July 1, exactly one month into the six-month hurricane season.”
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Biden to lift sanctions on China in exchange for third promise to combat fentanyl
Reportedly President Joe Biden is making deals with Chinese President Xi Jinping to help improve anti-drug trafficking measures. China is one of the top fentanyl producers and distributors, culminating in a pandemic of fentanyl overdoses and deaths in the United States.
The Biden administration will be lifting sanctions on a Chinese government ministry, in exchange for bolstering anti-drug trafficking measures, Bloomberg reported. “We’re hoping to see some progress on that issue this coming week,” National Security Advisor Jake Sullivan said Monday, according to the New York Post. “That could then open the door to further cooperation on other issues where we aren’t just managing things, but we’re actually delivering tangible results.”
The Daily Caller News Foundation noted that should a deal materialize, it will be at least the third time that China has promised to get tough on fentanyl. In 2016, China agreed to increase counter-narcotics operations, and Xi again agreed to launch a crackdown in 2018. Nonetheless, China and Mexico are “the primary source countries for fentanyl and fentanyl-related substances trafficked directly into the United States,” according to a 2020 DEA intelligence report.
“China remains the primary source of fentanyl and fentanyl-related substances trafficked through international mail and express consignment operations environment, as well as the main source for all fentanyl-related substances trafficked into the United States.”
President Joe Biden and Xi are meeting for the first time in over a year during this week’s Asia Pacific Economic Cooperation (APEC) summit in San Francisco. Sources familiar with the situation told Bloomberg that the People’s Republic of China (PRC) will crack down on Chinese companies manufacturing chemical precursors for fentanyl in exchange for the U.S. lifting sanctions on the Ministry of Public Security’s Institute of Forensic Science, which the Commerce Department added to the Entity List in 2020 for “engaging in human rights violations and abuses” in the Xinjiang Uyghur Autonomous Region.
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