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NEWS - SATURDAY, MARCH 02, 2024 - NEWS
Trump's felony cases face timing setbacks after the Supreme Court said it will decide whether Trump has presidential immunity from being prosecuted for acts he took in office. LA Times
VOA VIEW: Good!
President Joe Biden said Friday that the U.S. will begin air-dropping humanitarian assistance into Gaza, a day after more than 100 Palestinians were killed during a chaotic encounter with Israeli troops. Newsmax
VOA VIEW: Biden is showing weakness in favor of Hamas and Palestine.
Republican candidate for U.S. Senate Steve Garvey took the lead in a primary poll of the Golden State, surpassing both California Democrat Reps. Adam Schiff and Katie Porter in the race to replace late Democrat Sen. Dianne Feinstein. Newsmax
VOA VIEW: Garvey must win for the sake of CA and US.

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President Joe Biden on Friday signed a short-term spending measure that keeps one set of federal agencies operating through March 8 and another set through March 22 - officially staving off a partial government shutdown that would have started on Sunday. Newsmax
Hungarian Prime Minister Viktor Orbán said Friday that he will visit Donald Trump in Florida next week and described a possible comeback by the former president as the "only serious chance" for an end to the war in Ukraine. Newsmax
The U.S. Food and Drug Administration on Friday said it would allow yogurt makers to say that the dairy product may reduce the risk of Type 2 diabetes as more Americans die from the disease and take medications like Ozempic to battle it. Newsmax
VOA VIEW: It sounds feasible.
Survivors of Hamas' deadly October 7 terrorist attacks, including the wife of a man currently held captive in Gaza, are suing Crypto giant Binance for providing "material support" to the terror group by allowing it to fundraise on their platform. New York Post
The 81-year-old commander-in-chief mixed up the global hot spots twice while hosting Italian Prime Minister Giorgia Meloni in the Oval Office. New York Post
VOA VIEW: The evidence is clear.
Jose Uribe, a former insurance agent in Menendez's hometown of Union City, copped to counts including charges of wire fraud, obstruction of justice and tax evasion. New York Post
VOA VIEW: Not good for Menendez.

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The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy. New York Times
VOA VIEW: The only solution is waste more money for votes.
A bipartisan vote in the House is a sign that nuclear power, a once-contentious source of energy, is now attracting broad political backing. New York Times
VOA VIEW: Good!
A federal appeals court on Friday ruled that an enhancement charge used against Jan. 6 defendants to lengthen their sentences couldn't apply to the Capitol protest. Washington Times
VOA VIEW: It was clear.
Former President Donald Trump said he hasn't determined a period after which abortions should be banned. Washington Times

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A federal judge held veteran investigative reporter Catherine Herridge in civil contempt on Thursday for refusing to divulge her source for a series of stories during her time at Fox News about a Chinese American scientist who was investigated by the FBI but never charged. Washington Times
Federal prosecutors are requesting a July 8 trial for former President Donald Trump on charges that he illegally retained and concealed classified documents. Defense lawyers say no trial should be conducted this year but proposed August 12 as an alternative possibility. Washington Times
VOA VIEW: No trial should happen before the November elections.
The new recommendations apply to COVID-19 and other viruses, like flu and RSV. CBS
VOA VIEW: In other words, they were wrong before.

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In January, the FDA changed regulations to allow retail pharmacies to sell the drug mifepristone. CBS
House Republicans demanded information from the FBI about a confidential source now charged with fabricating bribery allegations against the president and his son. CBS
VOA VIEW: As they should.
Toyota warns that loose parts on some Tacoma trucks could cause the rear axle to break apart, increasing the risk of a crash. CBS
The judge in the classified documents case against Trump may indicate when the trial will take place. CBS
Oil booked a second consecutive monthly gain as front-month futures contracts trade at a premium to later months, typically a sign of a tightening market. CNBC
VOA VIEW: Biden is further burdening the economy.

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The nation's debt now stands at nearly $34.4 billion. CNBC
VOA VIEW: Biden continues to spend to buy votes.
Largely due to the wealth gap, women tend to be more financially vulnerable than their male counterparts. CNBC
VOA VIEW: Women need and spend most of the money.
The U.S. Embassy and Consulates in Mexico issued a warning to spring breakers who are planning trips to resort areas like Cancun, Playa Del Carmen and Tulum. FOX News
VOA VIEW: It would not be safe to go anywhere in Mexico.

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U.S. District Judge Susan Bolton made a ruling on new Arizona laws that would require registered voters to provide proof of U.S. citizenship. FOX News
VOA VIEW: All voters should be required to show proof of citizenship.
President Biden's decision to overturn multiple Trump-era border and immigration policies has directly contributed to the ongoing border crisis. FOX News
VOA VIEW: Biden is at fault.
Lawyers for one of Donald Trump's co-defendants in the Georgia election interference case argued Friday they have shown the DA and lead prosecutor have a conflict of interest and should be removed from the case. UPI
VOA VIEW: They should be ousted and banned from practicing law.
Former President Donald Trump is in the courtroom in Fort Pierce, Fla., Friday for a hearing in the classified documents case against him. UPI
The Environmental Protection Agency Friday announced final adoption of a rule meant to better protect at-risk communities from chemical accidents, especially those near industry facilities with high accident rates. UPI
The Interior Department has earmarked $74.2 million to clean up abandoned, polluting mines in Kentucky, the Biden administration announced Thursday. UPI
VOA VIEW: Biden is trying to close coal mines.
U.S. aerospace company Boeing has agreed to pay a $51 million civil penalty to the United States to resolve export violation charges stemming from the unauthorized export of defense articles to several countries. UPI

VOA VIEW -- Is the opinion of "Voice of Americans", which is a private entity not affiliated in any way with the United States government or any of its agencies. The opinions expressed here, in whatever medium or format, are not necessarily the opinions of the ownership or advertisers of this web site - 0415.


P.O. Box 10307
New Orleans, LA 70181
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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
March 06, 2024

     Biden's fight against fossil fuel is financially hurting the entire US.  Thanks to OPEC production cutbacks, global oil prices surged to $87 a barrel this week.

     This means gas prices will soon rise well above $4 a gallon nationally.  These price hikes are like a multibillion-dollar tax on American families and drivers, with money going straight into the coffers of the OPEC nations and Russia.  The Saudis and Vladimir Putin couldn’t have scripted it better.  But there’s another villain here: President Joe Biden’s “put America last” war against our domestic fossil fuels. 

     Our best estimate, based on data from the Department of Energy’s forecasts, is that if we had stuck with Trump policies (rather than the constraints on anti-oil and gas imposed by Biden climate-change policies and related ESG initiatives), by today the United States would’ve produced roughly another 1.2 billion to 3.5 billion more barrels since Biden took office.  This added production could’ve completely neutralized the effects of OPEC production cuts and price hikes.

     The chart nearby shows pre-pandemic and the pre-Biden projections of oil production by the end of 2023 versus the actual drilling that has happened under Biden.  The value of the oil production lost due to this war on American energy and the reduced drilling ranges from $104 billion to $396 billion — so far.  This is also a national security self-inflicted wound, given the geopolitical importance of oil and gas production.  More bitter irony: These price spikes come even as Biden has just canceled drilling on several million acres of prime oil and gas lands in Alaska.

     He already removed 11 million acres of rich oil resources from the Gulf of Mexico and has killed oil and gas pipelines.  He’s pushing new emissions standards to effectively ban the sale of new gas cars and proposes new taxes on the oil and gas industry — even as he’s sending over $300 billion in tax money to the green energy movement.  The White House and the media claim that under Biden is now producing more energy than ever, as if he’s suddenly big oil’s best friend.  Yes: As oil prices keep soaring, US drilling has risen.  But the current 12.7 million barrels a day is still below the 13 million barrels per day back in the 2019 when the price was roughly $60 a barrel, not $87 a barrel.

     Biden boasts one day that America is producing more oil than ever, then the next day assures his green allies that he has put the country on a path to “net zero” emissions — which means a complete cessation of all oil and gas drilling.  Sorry, Mr. President.