Biden-Linked CCP Oil Firm Hits Record Production Amidst Keystone Pipeline Cancellation

Weatherman2020

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China First

A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.

Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.

Finalized in March 2015, the investments from the controversial investment fund led to BHR Partners amassing a nearly 30 percent stake in Sinopec.

Hunter reportedly still owns a 10 percent stake in BHR Partners.

Under the Biden government, Sinopec’s Fuling Shale Gas Field hit a country-wide record for production quantity.

A company press release notes:

Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field in China – announced on October 8 that it has produced 40 billion cubic meters of shale gas, setting a new record for the cumulative production of shale gas in the country.

BHR Partner’s LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.”

Sinopec’s record-breaking success follows the Biden regime’s assault on American energy independence, including the cancellation of the critical Keystone XL Pipeline and shutting down oil and gas lease sales from federal land in his first days in office.
 
China First

A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.

Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.

Finalized in March 2015, the investments from the controversial investment fund led to BHR Partners amassing a nearly 30 percent stake in Sinopec.

Hunter reportedly still owns a 10 percent stake in BHR Partners.

Under the Biden government, Sinopec’s Fuling Shale Gas Field hit a country-wide record for production quantity.

A company press release notes:

Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field in China – announced on October 8 that it has produced 40 billion cubic meters of shale gas, setting a new record for the cumulative production of shale gas in the country.

BHR Partner’s LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.”

Sinopec’s record-breaking success follows the Biden regime’s assault on American energy independence, including the cancellation of the critical Keystone XL Pipeline and shutting down oil and gas lease sales from federal land in his first days in office.
As if that doesnt throw up a red flag lol
 
China First

A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.

Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.

Finalized in March 2015, the investments from the controversial investment fund led to BHR Partners amassing a nearly 30 percent stake in Sinopec.

Hunter reportedly still owns a 10 percent stake in BHR Partners.

Under the Biden government, Sinopec’s Fuling Shale Gas Field hit a country-wide record for production quantity.

A company press release notes:

Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field in China – announced on October 8 that it has produced 40 billion cubic meters of shale gas, setting a new record for the cumulative production of shale gas in the country.

BHR Partner’s LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.”

Sinopec’s record-breaking success follows the Biden regime’s assault on American energy independence, including the cancellation of the critical Keystone XL Pipeline and shutting down oil and gas lease sales from federal land in his first days in office.

The Keystone Pipeline was shut down because it was environmentally dangerous and the people who's land it crossed objected to it because of the danger it posed to polluting their groundwater. President Obama refused the permit requested and the project was abandoned. Donald Trump revived it, sparking years' long protests, over its construction.

The cancellation of this construction has no bearing whatsoever on US oil supplies, since the pipeline was never completed and wasn't operational. In the meantime, another branch of the Keystone Pipeline suffered a spill of the exact type the natives were concerned with.
 
The Keystone Pipeline was shut down because it was environmentally dangerous and the people who's land it crossed objected to it because of the danger it posed to polluting their groundwater. President Obama refused the permit requested and the project was abandoned. Donald Trump revived it, sparking years' long protests, over its construction.

The cancellation of this construction has no bearing whatsoever on US oil supplies, since the pipeline was never completed and wasn't operational. In the meantime, another branch of the Keystone Pipeline suffered a spill of the exact type the natives were concerned with.
Yes, rail is much more environmentally friendly.
Moron.
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China First

A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.

How do you know this wouldn't have happened regardless?
 
China First

A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.

Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.

Finalized in March 2015, the investments from the controversial investment fund led to BHR Partners amassing a nearly 30 percent stake in Sinopec.

Hunter reportedly still owns a 10 percent stake in BHR Partners.

Under the Biden government, Sinopec’s Fuling Shale Gas Field hit a country-wide record for production quantity.

A company press release notes:

Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field in China – announced on October 8 that it has produced 40 billion cubic meters of shale gas, setting a new record for the cumulative production of shale gas in the country.

BHR Partner’s LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.”

Sinopec’s record-breaking success follows the Biden regime’s assault on American energy independence, including the cancellation of the critical Keystone XL Pipeline and shutting down oil and gas lease sales from federal land in his first days in office.

Keystone XL was critical to the owners of the Canadian tar sands.. There is NO benefit to the US.
 
As if that doesnt throw up a red flag lol

Where does China get its crude oil from?

Forty-three countries supplied crude petroleum oil to China in 2019. Roughly half (44.8%) of Chinese imported crude oil originates from nine Middle Eastern nations ranging from $386 million from Egypt up to $40.1 billion for Saudi Arabia. Note that globally crude oil is priced in American dollars.
Top 15 Crude Oil Suppliers to China 2020
 
Top 15 Crude Oil Suppliers to China 2020
Fastest-Growing Suppliers of China’s Imported Crude Oil. The value of Chinese purchases of crude oil from its 15 top suppliers amounted to a subtotal $158.8 billion in 2020, plunging by an average -22.9% from the $206.1 billion worth of imported crude bought from the top 15 providers during 2019. Norway: Up 780% since 2019; United States: Up ...

Saudi Arabia Remained China’s Top Oil Supplier In 2020 ...
Jan 20, 2021 · In 2020, Iraq was the third-biggest supplier of crude oil to China, while Brazil was fourth, capitalizing on the buying binge of Chinese refiners in the spring and summer when oil prices were at ...
 
Explains why Joe is considering shutting down a new pipeline as prices soar....
 
China First

A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline.

Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.

Finalized in March 2015, the investments from the controversial investment fund led to BHR Partners amassing a nearly 30 percent stake in Sinopec.

Hunter reportedly still owns a 10 percent stake in BHR Partners.

Under the Biden government, Sinopec’s Fuling Shale Gas Field hit a country-wide record for production quantity.

A company press release notes:

Fuling Shale Gas Field – the first commercially developed and operated large-scale shale gas field in China – announced on October 8 that it has produced 40 billion cubic meters of shale gas, setting a new record for the cumulative production of shale gas in the country.

BHR Partner’s LinkedIn profile highlights its Sinopec investment, revealing it was involved “in the pilot state-owned enterprise reform deal involving the segregation and capitalization of Sinopec Group’s non-oil business into Sinopec Marketing Corporation.”

Sinopec’s record-breaking success follows the Biden regime’s assault on American energy independence, including the cancellation of the critical Keystone XL Pipeline and shutting down oil and gas lease sales from federal land in his first days in office.
Sinopec used to have concessions in Libya too. This author is real stupid.
 

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