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NEWS - SUNDAY, MARCH 03, 2024 - NEWS
A powerful blizzard is dumping snow in the Sierra Nevada as gusty winds and heavy rain hit lower elevations. CBS
A senior U.S. official says Israel has essentially endorsed a framework of a proposed Gaza cease-fire and hostage release deal, and it is now up to Hamas to agree to it. CBS
VOA VIEW: More WH exaggerations.
Few states hold as much importance in the presidential election as Michigan, which has swung between the parties and holds 15 electoral votes. In the hotly contested state, young voters are likely to play an outsized role in 2024. Scott MacFarlane has more. CBS
VOA VIEW: Young voters will vote GOP if they are wise.

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Donald Trump has won Missouri's Republican caucuses, one of three events Saturday that will award delegates for the GOP presidential nomination. CBS
VOA VIEW: Good!
"All the talk about the independent No Labels, all that — I haven't talked to anybody about that," Nikki Haley told reporters. CBS
Immigrants are helping the U.S. labor force grow, counterbalancing trends such as lower birth rates and an aging population that would otherwise shrink it. CNBC
VOA VIEW: It's very costly to Americans.
Colleges and universities including Ivy League schools are creating AI-specific degrees. Artificial intelligence will change jobs, but can that be taught? CNBC
Buyers of U.S. Treasurys have been changing, with major players including China, Japan and the Fed seeing their respective holdings decline in recent years. CNBC
The nation's debt now stands at nearly $34.4 billion. CNBC
VOA VIEW: Thanks to Biden.

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Elon Musk has filed a lawsuit against OpenAI and CEO Sam Altman, among others, accusing them of breaching a contractual agreement. CNBC
The FBI is collecting debris found by Alaskan fisherman that may be from a crashed Chinese spy balloon. FOX News
VOA VIEW: China is spying.
Highway shootings are up across the country and police say there's no clear solution. Law enforcement departments in at least six states reported more highway shootings since 2023. FOX News
VOA VIEW: Law and order has been lacking since Biden became president.
The charges against Virgilio Aguilar Mendez, the 19-year-old illegal migrant accused of causing the death of a Florida sheriff's office sergeant has had his charges dropped. FOX News

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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
A proposed Florida law banning social media use by youth under age 16 has been vetoed by Gov. Ron DeSantis, who says he instead favors a less-restrictive alternative measure. UPI
VOA VIEW: As he should.
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: More has been stolen by Hamas.

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The Wisconsin Supreme Court has opted not to hear arguments over a lawsuit filed by Democrats seeking to redraw the Dairy State's congressional maps. UPI
VOA VIEW: Good!
A hearing in the classified documents case against former President Donald Trump  ended Friday without a new trial date announcement. UPI
VOA VIEW: After the election is the fair time.

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P.O. Box 10307
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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.