Stupidocrisy: Selling oil to China at bargain prices

Joe Biden was exposed last month for selling part of the Strategic Petroleum Reserve (SPR) to a communist Chinese company with ties to his son Hunter while Americans are suffering from his energy-policy induced inflation. Well, Biden’s at it again. According to Department of Energy disclosures, the sales to Unipec America continued in July with another 950,000 barrels for an ongoing tally of nearly six million barrels. Unipec America is the trading arm of Sinopec, owned by the Communist Chinese government, in which Joe Biden’s son Hunter has held up to a ten percent business ownership. Hunter Biden’s lawyer says Hunter no longer holds a stake in the company. Chinese documents say otherwise.

Moreover, an analysis by the Epoch Times indicates that Unipec America is buying the oil from the SPR at prices less than the highest bids—meaning there is at least the appearance that the Biden family is benefiting from the sale of America’s strategic petroleum reserves to communist China while Americans suffer. The Epoch Times reports: “Sales to Unipec appear to fall in the lower price range among the successful buyers…For the 2021 contract, Unipec paid about $63 for each barrel, about $7 lower than the trading price at the time, and more than $2 short of the highest price from other buyers in the sale. The April and July purchases cost Unipec $103.30 and $119.50 per barrel, respectively. The highest prices offered, by comparison, were $111.25 and $125.10.”

The Washington Free Beacon reported in June 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.” The entire escapade has caught the eye of 10 members of Congress, Led by Rep. Ralph Norman (R-SC). They sent a letter to Joe Biden documenting the Unipec deal among others, and concluding: “These allegations are severely unsettling, and if true, may even constitute an impeachable offense under the “bribery, or other high crimes and misdemeanors” clause of Article 2 of the Constitution.”

The letter asked that specific information be provided the congressmen by July 25 and warned: “Those in power, especially our commander-in-chief, must think about how their actions impact the people they were elected to serve. The purpose of the SPR is “primarily to reduce the impact of disruptions in supplies of petroleum products” and supply crude oil to Americans during times of national emergency. The oil within the Strategic Petroleum Reserve was intended for the American people, not for adversarial countries, and certainly not to make the Biden Family richer at a time when our citizens are paying almost $5.00 a gallon for gasoline and $6.00 for diesel.” 1 Thessalonians 5:22 exhorts, “Abstain from all appearance of evil.” Biden’s actions not only appear evil, they are, say it with me…Stupidocrisy.


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Bill Wilson