Personalized business decision for the Biden Family Business.
The Biden administration has sold nearly a million barrels of oil to a Chinese state-owned firm, the Washington Free Beacon reported on July 7. This discovery comes after the Department of Energy announced in April that it would be dipping into the U.S. Strategic Petroleum Reserve to offset “Putin’s price hike.”
“The Biden administration has taken significant steps to address the pain Americans are feeling at the pump as a result of Putin’s price hike and to help lower energy costs,” the announcement read. The idea is that putting more oil in the global economy would increase supply, thereby reducing demand and costs.