Republican lawmakers are pressing President Joe Biden to make clear whether he had a role in auctioning off oil from U.S. emergency reserves to a Chinese entity that has been previously linked to his younger son. Rep. Ralph Norman (R-S.C.) on July 26 led a letter flagging the sale of U.S. strategic oil reserves worth…
EXCLUSIVE: US Oil Sales to China Could Be ‘Unlawful Activity,’ GOP Lawmakers Tell Biden
July 26, 2022
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Chinese State-Owned Firm Won Nearly 6 Million Barrels of US Oil Reserves Through Auction Sale, Records Show
July 25, 2022
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The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
US Sold 6 Million Barrels of Oil Reserves to China, Records Show
July 25, 2022
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Asia & PacificbidenBusiness & MarketsChinaChina Business & EconomyChinese RegimeeconomyenergyExecutive BranchFinance & Business TiesNational Securityoil reservePolicies & ImpactsPoliticsSinopecSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsWorld
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The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
US Sold Nearly 6 Million Barrels of Oil Reserves to China, Records Show
July 25, 2022
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Asia & PacificbidenBusiness & MarketsChinaChina Business & EconomyChinese RegimeeconomyenergyExecutive BranchFinance & Business TiesNational Securityoil reservePolicies & ImpactsPoliticsSinopecSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsWorld
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The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
Biden’s Selling of Oil From Reserve to Hunter Biden-Tied Chinese Firm ‘Impeachable’: Republicans
July 8, 2022
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The Biden administration’s move to sell nearly 1 million barrels of oil reserves to China “defies all common sense” and is benefiting U.S. adversaries at the cost of national interests, said Republican lawmakers, with some calling the action “impeachable.” The Department of Energy in April sold 950,000 barrels of Strategic Petroleum Reserve to Unipec America,…
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