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Biden Energy Secretary called Chinese official
before US tapped oil reserves
Biden Energy Secretary called Chinese official before US tapped oil reserves
Energy Secretary Jennifer Granholm spoke with a senior Chinese energy official the same week that the US began tapping its Strategic Petroleum Reserve in November 2021 — later selling some oi…
nypost.com
Energy Secretary Jennifer Granholm spoke with a senior Chinese energy official the same week that the US began tapping its Strategic Petroleum Reserve in November 2021 — later selling some oil to a Beijing-backed firm linked to first son Hunter Biden, newly uncovered documents show.
Granholm called China National Energy Administration Chairman Zhang Jianhua for a half-hour conversation on Nov. 21, government schedules obtained by the watchdog group Americans for Public Trust show.
Granholm’s calendar also shows an earlier phone call had been scheduled with Jianhua for Nov. 19. A rep for the former Michigan governor told The Post Friday that call never took place.
Two days after the Granholm-Zhang call, first reported by Fox News, President Biden announced the release of 50 million barrels of oil from the reserve in an effort to bring down gas prices — “the largest-ever” energy stockpile sale in US history.
~Snip~
Around 900,000 barrels of oil were sold to Unipec America, a subsidiary of the Chinese government-owned gas company Sinopec, which in turn had received billions of dollars from BHR Partners — a private equity firm co-founded by Hunter Biden, who held a 10% stake in BHR until at least late 2021.
Zhang had also previously served in an executive role at Sinopec.
~Snip~
The Biden White House has withdrawn 260 million barrels from the reserve, which as of last month had dropped to its lowest level since 1983, Energy Department data shows.
Caitlin Sutherland, executive director of Americans for Public Trust, told The Post in a statement that Granholm’s scheduled calls “raise serious questions about the level of Chinese influence on the Biden administration’s energy agenda.”
“The Biden administration is depleting the nation’s petroleum reserves, while allowing OPEC, Russia, and China to gain geopolitical leverage over the United States,” wrote then-House Committee on Energy and Commerce ranking member Cathy McMorris Rodgers (R-Wash.) and then-House Energy subcommittee ranking member Fred Upton (R-Mich.).
“As you know, in November 2021, President Biden announced a 50-million-barrel release from the SPR that was supposed to be in tandem with other importing countries, including China,” the lawmakers told Granholm. “In reality, China ramped up its purchases of crude oil from Russia and the United States to boost its own reserves, even as oil prices surged and President Biden called for a coordinated release.”
“As a result, China may now control the world’s largest stockpile of oil, with total crude inventories estimated at 950 million barrels,” they added.
US gas prices climbed from an average of $3.49 in November 2021 to $5.03 in June 2022, before falling back to $3.32 by the end of the year, according to the US Energy Information Administration.
As of Friday afternoon, the average US price of a gallon of regular gas stood at $3.83.
Commentary:
If you view Biden’s actions through the prism of him being the Manchurian President, his conduct makes sense.
From open borders, the fentanyl crisis, supply side shortages, high fuel prices, to giving away our military stockpiles to depleting our strategic petroleum reserves.
Meanwhile, we are bein made to focus on TRUMP ! That's what Maoist/DSA Democrat Commies want. In the meantime, this Commie Democrat administration has destroyed our border, gave up our energy independence, destroyed the US reputation around the world, emboldened our enemies, are killing "The Dollar", weaponized our justice department and have turned our major cities into lawless, filthy dumps. Inflation through the roof, failed education system. All while making race the focus of every conversation where there just is NO Systemic Racism!!! All of this in two years. Still, this country seems hell bent on voting for Democrats. A vote for a Democrat in 2024 is a vote for the destruction of the United States....if we last until then.
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