House Oversight and Reform Standing Member James Comer (Republican-Ky.) stated in an exclusive statement to Breitbart News that they will investigate reports that President Joe Biden sold almost one million barrels of U.S. Strategic Petroleum Reserve to China’s state-owned natural gas company. This Chinese-owned firm has financial ties with a private equity group cofounded by Hunter Biden.
The Washington Free Beacon’s Collin Anderson released a shocking report that Biden’s Department of Energy sold 1 million barrels of oil to Unipec (the trading arm of Sinopec). The Chinese Communist Party is the sole owner and operator of Sinopec.
According to the report Hunter Biden is Biden’s younger brother and has financial connections to CPP-owned Sinopec. A private equity firm Hunter cofounded reportedly purchased a roughly $2 billion stake in Sinopec Marketing in 2015.
The Free Beacon noted:
Biden is connected to Sinopec through BHR Partners, a private equity firm he cofounded in 2013. BHR 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.
Comer, the ranking member of the House Oversight Committee, and likely the next chairman of the Oversight Committee, told Breitbart News that they plan to investigate reports that President Biden sold oil linked to Hunter Biden once they take the House majority after the 2022 midterm elections.
” The Biden Administration waged war on America’s energy producers since day one. They started by cancelling the Keystone XL Pipeline and have continued to push for radical Green New Deal policies. Comer stated that the recent decision by them to withdraw oil from Strategic Petroleum Reserve did not just result in lower gas prices but also made Americans more vulnerable to volatile oil markets caused by this Administration.” Comer spoke exclusively to Breitbart News. The Department of Energy operates behind closed doors, and Americans are left in the dark. In no way should President Biden provide our oil resources to foreign enemies or Chinese companies linked to Hunter Biden. Energy Secretary Granholm must stop evading our congressional inquiries and testify in front of the Oversight Committee.
Comer charged: “When Republicans hold the gavel we will get solutions .”
Indeed. There are still many questions about these reports.
Asked by the reporters during a press conference on Friday, White House press secretary Karine Jean-Pierre said, “The Department of Energy can’t dictate what oil companies do with the oil they purchase or where they ship it to sell. This is something that, once again, the oil companies decide on. Again, that is something the oil company decides on. I refer you again to Department of Energy for more information .”
“It’s unclear if the younger Biden has any financial stake in BHR Partners. Biden’s White House has repeatedly claimed throughout 2019 and 2020 that Hunter Biden was out of the equity firm, but Chinese corporate records show he still has a stake in the company,” Breitbart News’s Jordan Dixon-Hamilton explained.
Biden’s administration did not answer the questions about Hunter Biden’s ownership in BHR and directed journalists to Hunter Biden’s representatives.
However, the Oversight Committee, as the House’s leading investigatory committee, could launch investigations, with subpoena power, regarding the Biden administration’s sales of the Strategic Petroleum Reserve.
The Biden administration also has not cooperated with House Oversight Republicans on many questions surrounding the Energy Department’s plans, or lack thereof, to refill the Strategic Petroleum Reserve. The SPR is meant for times of national crisis, such as the 1970s Arab oil embargo, not for desperate and failed attempts to lower gas prices.
Comer, House Oversight Republicans also requested that Energy Department Secretary Jennifer Granholm give evidence before the committee on these topics.
The Department of Energy has not cooperated with either of these requests from Comer and the House Oversight Republicans.
Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.