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Remember pedooe sold oil to other countries?

By oldedude
July 8, 2022 3:01 pm
Category: Business

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Biden Sold a Million Barrels From US Strategic Petroleum Reserve to China-Owned Gas Giant
The real headline? Whorehunter biden is a major stakeholder and investor of Sinopec. Add this to the Secret Service having to find his illegal gun he bought, and the computer. I guess the only defense is that someone might say the owner and president of an "investment" company wouldn't know where his company spent $1.7 BILLION.

"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.

The Biden administration also claimed the Unipec sale would "support American consumers and the global economy in response to Vladimir Putin's war of choice against Ukraine" and combat "Putin's price hike." But as the war rages on, Unipec has continued to purchase Russian oil. In May, for example, the company "significantly increased the number of hired tankers to ship a key crude from eastern Russia," Bloomberg reported. That decision came roughly one month after Unipec said it would purchase "no more Russian oil going forward" once "shipments that have arrived in March and due to arrive in April" were fulfilled.

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."


Cited and related links:

  1. freebeacon.com
  2. thefederalist.com

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Comments on "Remember pedooe sold oil to other countries? ":

  1. by HatetheSwamp on July 8, 2022 3:21 pm

    Disgusting, certainly.

    But, how new is this? Wait'll the GOPs running the House next year play videos and audios from that laptop.


  2. by oldedude on July 8, 2022 5:22 pm
    Posted yesterday


  3. by Curt_Anderson on July 8, 2022 6:00 pm
    Without knowing the specifics, I suspected immediately that premise of this thread was inaccurate because oil is a fungible commodity. It's also worth noting that prices at the gas pump are dropping. CNET reports "In a welcome change for drivers, gas prices have been slowly trending down in July, opposed to the steep climb seen in April, May and June. The average price per gallon on Thursday was $4.75, per AAA -- that's a 27-cent decrease from the record high of $5.02 on June 14."

    Claims that US oil reserve exports harm consumers are misleading
    Social media posts say President Joe Biden's administration is sending millions of barrels from the US Strategic Petroleum Reserve (SPR) to other countries, implying that this contributes to higher prices for American consumers. This is misleading; industry analysts note that different types of crude oil from the reserve are sold to meet the demands of specific refineries and regions, and that the release eases price pressures regardless of where the oil is consumed.


    "What is being released is sour crude, which has more sulfur (than other types), and this is more conducive to replacing the Russian barrels" in Europe, said Matt Smith, a lead analyst at Kpler.




    factcheck.afp.com
    cnet.com


  4. by oldedude on July 9, 2022 3:49 am
    Neither one of your "Fact Checks" disputed the fact some of the oil went to china. In fact, they confirmed it.

    The oil company they went to was the main operative of the CCP, which pedojr has a controlling stake in. His company bought the major share for $1.7BILLION. It's not the fact the oil was sold while the US needed it, and they call it "strategic reserves" for a reason. It's also that his son was the direct benefactor of that sale.


  5. by oldedude on July 11, 2022 8:19 pm
    So, no one (except for Curt) wants to support pedojoe in his direct money to jr? I don't see what the issue is? This case, I would actually take to a real Federal Court. And the fact that it goes to one of our enemies? Treason. It stands on it's own merits.


  6. by HatetheSwamp on July 12, 2022 3:49 am

    OD,

    Have you noticed that right wing media has begun to show videos and play audio from the laptop lately? We're beginning to have evidence of the Treasure Trove of damning material that GOPs are patiently holding on to.

    Do you think that Blue Ultra-MAGA Curt will say a discouraging word about Joe then?

    Next year is going to be, as po'd say, EFFIN ugly for "that feckless dementia-ridden piece of crap."


  7. by oldedude on July 12, 2022 8:18 am
    Not gonna happen. He's too wound up in his religion to see anything wrong with it. He considers any question as an assault on the religion, and therefore his mazzur.

    " Many Christians view the “culture war” as a clash between religious believers and secularist “liberals.” But there are liberals . . . and there are liberals. Most of the heat of battle occurs where traditional religious believers clash with certain liberals who are religiously committed to secular liberalism.

    This explains why talking about abortion or same-sex “marriage,” for example, with certain liberals is usually futile. It is like trying to persuade a committed Muslim to accept Christ. Because his religion forbids it, he can only do so by converting from Islam to Christianity; he cannot accept Christ as long as he remains firmly committed to Islam. So it is with firmly committed liberals: Their “religion” forbids any concessions to the “conservative” agenda, and as long as they remain committed to their secular ideology, it is futile to hope for such concessions from them."
    touchstonemag.com


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