Biden’s actions have drawn criticism from both sides of the aisle, as they involve selling oil from US reserves to foreign nations, one of which happens to be China, as Trump noted in last week’s interview. Last week’s bombshell news rocked the media world, prompting several Republicans to call for an investigation into what happened. During a time of scarcity when the price was at or near all-time highs, Trump rebuilt supplies in the United States oil reserves for the first time in years and then Joe Biden sold it abroad – a move that Trump referred to as “amazing.”
“I believe it’s incredible,” Trump said. “I increased the reserves—75 million barrels of oil – which I built up. It was filled for the first time in decades. When oil prices were very cheap, we did it. I predicted that this would be the time, so they told me about the oil reserves and in about two seconds, we placed a big order for relatively little money. Now China and other countries are getting access to it. To me, it’s awful.”
When asked if it is a matter for inquiry, Trump responded, “I believe it’s certainly odd that Joe Biden would sell our oil from our reserves to China.”
“I have no idea. It’s quite unusual to be giving to, of all nations, China,” Trump remarked. “Now that they’re receiving a lot of oil from Iran and various other places, they should not have a problem. I didn’t allow China to purchase from Iran during my presidency because Iran was willing to negotiate a deal. They would’ve signed a deal within one week after the election—within a week I’d have had an agreement with Iran. What’s happened to our nation in so many different ways is really terrible.”
As of yet, it is unclear whether or not Biden or his family members, such as his son Hunter Biden, personally benefited from the sale; however, if they did, Trump claimed that it would be “inconceivable,” but the fact that Joe Biden sold US oil to a firm in China in the first place is already bad enough. Trump also stated that because of Biden’s policies, gasoline prices are likely to rise even higher than this summer’s record highs, predicting “much greater” petrol costs soon.
“It would be unimaginable for something like that to happen, but it’s just as far-fetched to believe that China could get all that oil from us when we have a scarcity ourselves,” he added. “They don’t have a shortage because they are buying so much oil from Iran and other nations. They are buying oil from Russia and Russia is doing great. They’re making a killing in excess of what war cost, which is what drove up oil prices in terms of barrels. If you take a look at everything that’s happened since the election, the Ukraine-Russia war wouldn’t have happened; inflation wouldn’t have occurred. The price per gallon was $1.87 before; today it is more than $5. I believe it will rise even higher still.”
Last week, Rep. James Comer (R-KY), confirmed that the issue is now being investigated formally. If Republicans regain control of the House in the upcoming elections as expected, this investigation will undoubtedly expand; however, Comer has already requested for key Biden Administration officials’ testimony and document production on this deal.
Comer said, “From the start of his term, the Biden Administration has engaged in a war on America’s energy producers. It all started with Joe Biden canceling the Keystone XL pipeline and continuing with his efforts to advance extreme Green New Deal goals. Recent administration decision to withdraw oil from the oil reserves hasn’t just failed to reduce high gas prices; it has also exposed Americans to volatile oil markets.”
“The Dept. of Energy is keeping Americans in the dark, operating behind closed doors. President Biden should not give our oil reserves to any hostile foreign nations or Chinese firms connected to Hunter Biden,” Comer emphasized. “Energy Sec. Granholm must immediately cease stonewalling our Congressional inquiries and appear before the Oversight Committee.”