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NEWS - MONDAY, MARCH 04, 2024 - NEWS
Former President Donald Trump has widened his lead over President Joe Biden to a new high of 4 points as Super Tuesday figures to make a 2020 rematch all but official. Newsmax
VOA VIEW: Trump will prevail.
The exploding $34 trillion U.S. national debt under President Joe Biden is dangerously hurdling the world toward a meltdown that will hurt the next president in 2025. Newsmax
VOA VIEW: Biden missteps are putting the hurt on Trump.
Federal judges rejected an Apache religious challenge to the construction of the massive Resolution Copper mine on sacred land at Oak Flat in Arizona. LA Times

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A shocking new Siena College poll released by The New York Times revealed an overwhelming majority (73%) of Americans say Biden is "too old to be an effective president" and that included even 61% of his 2020 voters. Newsmax
VOA VIEW: A truism.
A recent poll released Sunday shows there is optimism former President Donald Trump is going to take over. Newsmax
VOA VIEW: As it should be.
GOP presidential candidate Nikki Haley said Sunday she does not feel bound by the pledge she made to the Republican National Committee last year to support the eventual GOP presidential nominee. Newsmax
VOA VIEW: Haley is acting like the loser, she is.
Tennessee is deploying National Guard members to the southern border as Republican governors continue to support Texas in its showdown with the Biden administration over immigration enforcement. New York Post
VOA VIEW: Good!
The Georgia Legislature passed a bill on Thursday that lets police arrest anyone suspected of entering the country illegally following the slaying of college student Laken Riley. Washington Times
VOA VIEW: All states should take the same position,
A trio of Norfolk Southern trains suffered a collision and derailed near Easton, Pennsylvania, Saturday, the National Transportation Safety Board said. Washington Times

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Vice President Kamala Harris is expected to be among those marking the 59th anniversary of Bloody Sunday, the day Alabama law officers attacked Civil Rights demonstrators on the iconic Edmund Pettus Bridge in Selma, Alabama. Washington Times
VOA VIEW: The race card is being played.
Keep the shovels handy: a powerful blizzard in the Sierra Nevada was expected to wane Sunday, but more heavy snow is on the way. Washington Times
Department of Homeland Security Secretary Alejandro Mayorkas said that "different cities have different levels of cooperation" with the federal government. CBS
VOA VIEW: Mayorkas is a lying idiot.
The four Crew 8 fliers will make another attempt to get off the ground Sunday. CBS

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The ATF is prohibited by federal law from creating a centralized database of registered gun owners. CBS
VOA VIEW: As it should be.
Several members of the OPEC+ alliance had in November voluntary supply cuts totaling 2.2 million-barrel-per-day cut for the first quarter of this year. CNBC
VOA VIEW: The US oil industry must be allowed to go forward.
The nation's debt now stands at nearly $34.4 billion. CNBC
VOA VIEW: Thanks to Biden spending for votes.

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A cargo vessel struck by the Houthi rebels two weeks ago has sunk making it the first vessel lost since the onset of Israel's war with Hamas. FOX News
VOA VIEW: Yemen must pay heavily.
The FBI is collecting debris found by Alaskan fisherman that may be from a crashed Chinese spy balloon. FOX News
VOA VIEW: China must be exposed.
Former President Donald Trump swept the Michigan GOP Convention Saturday at a convention in Grand Rapids.  UPI
VOA VIEW: Good!
Members of the World Trade Organization wrapped up the 13th Ministerial Conference in Abu Dhabi Saturday with a consensus to extend a moratorium on e-commerce tariffs for two years and little else. UPI
Five people were killed and eight were injured Saturday during a Russian drone attack in the Ukrainian port city of Odesa, part of a larger overnight assault across the country, according to emergency officials. UPI
VOA VIEW: Russia must pay dearly.

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The first American humanitarian aid shipments to Gaza were successfully air dropped into the Palestinian enclave Saturday, U.S. military officials confirmed. UPI
VOA VIEW: Hamas took much of the drop.
Five people were killed and eight were injured Saturday during a Russian drone attack in the Ukrainian port city of Odesa. UPI

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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
(504) 888-8255
COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
March 07, 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 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.