EXCLUSIVE: US Oil Sales to China Could Be ‘Unlawful Activity,’ GOP Lawmakers Tell Biden
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 hundreds of millions of dollars to Chinese state-owned Unipec over concerns that such transactions could stand to benefit the president’s son Hunter Biden.
If true, this would mark an “unlawful activity,” potentially posing an “unethical and potentially illegal abuse of the powers of the office of the President of the United States,” the lawmaker said in the letter shared with The Epoch Times.
Unipec is the U.S. subsidiary of Chinese state-run oil giant Sinopec. Since last September, Unipec has won contracts for nearly 6 million barrels of reserve oil, with a total worth of about $464 million, The Epoch Times has reported.
‘If Hunter Biden Were Instead Hunter Trump’
BHR Partners, a Chinese private equity firm co-founded by Hunter Biden, has made investments in Sinopec. While Hunter’s lawyer last November said that the younger Biden has divested his 10 percent stake in BHR, the Chinese firm’s 2021 annual report released in June still listed Hunter as a shareholder, according to Chinese financial records.
“Sadly, the allegations about Hunter’s self-profiting did not come as a surprise to many of us as we have grown to expect seeing reports of nepotism within this administration,” Norman wrote, citing reports of Biden family members allegedly profiting off official positions Biden has held since he was the senator for Delaware. These include Hunter traveling on Air Force Two to China, when his father was vice president, to broker a multimillion-dollar business deal with Chinese corporations,” the lawmaker wrote.
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