The Biden oil debacle

There is much more to Joe Biden’s emptying of the Strategic Petroleum Reserve (SPR) than what the news media and his failing administration is letting on. While everyone is focused on just the record high prices of gasoline at the pump, they are failing to report the greater dangers at hand for the American public: food availability, consumer goods, and military readiness. Pump prices are just the tip of the iceberg because the prices of most everything people consume are tied to the rise in oil costs. The Biden energy policy is weakening the ability of the US to defend itself if a greater war breaks out by exporting oil overseas, even to China. And Hunter Biden’s name is once again associated with corruption.

Having said that, it is now revealed that under the guise of easing the record increases in gasoline prices at the pump “in response to Vladimir Putin’s war of choice against Ukraine,” the Department of Energy announced in April that it was selling “1 million barrels per day from the SPR for the next six months.” Reuters reports that this action “is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation.” Reuters also reported on July 5th that “More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs.”

Not only is Biden selling US oil to Europe and Asia, he may be enriching his own family. It just so happens that in that April sale of America’s Strategic Petroleum Reserve about a million barrels of oil was sold to Unipec America, the trading arm of Sinopec, owned by the Communist Chinese government. The Washington Free Beacon reports that BHR Partners, a private equity firm Hunter Biden cofounded in 2013, “bought a $1.7 billion stake in Sinopec Marketing in 2015. Biden at one point owned a 10 percent stake in BHR Partners through his wholly owned firm, Skaneateles, LLC…Chinese business records still list Biden’s firm as a BHR shareholder, and Washington, D.C., records still show Biden as the firm’s owner.”

Owner or not, the selling of oil to China is detrimental to America. Biden’s policies are draining the SPR, and instead of lowering gas prices they are causing record fuel prices, food prices and damaging every aspect of personal finances. Moreover, Biden may be lining his family’s pockets with under the table deals by his son Hunter. Congressman Troy Nehis (R-TX) summed it up, saying, “While you are paying FIVE DOLLARS a gallon at the pump and struggling to pay your electricity bill, Biden just sold one million barrels of our reserved oil to China so his family can make a buck. This is impeachable.” Proverbs 29:2 says, When the righteous are in authority, the people rejoice: but when the wicked bear rule, the people mourn.” Not much rejoicing these days about the wickedness ruling over America.


Posted in

Bill Wilson