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Obama Declines To Endorse Harris In Lengthy Statement On Biden’s Withdrawal

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From the Daily Caller News Foundation

By HAILEY GOMEZ

 

Former President Barack Obama declined to endorse Vice President Kamala Harris on Sunday in a lengthy statement on President Joe Biden dropping out of the presidential race.

Obama praised Biden’s career and time in office as president, and called him “a patriot of the highest order” following the former vice president’s decision to bow out of the 2024 presidential race.

Shortly after announcing he would not seek the Democratic nomination, Biden endorsed Harris. But rather than endorsing Harris, Obama wrote that he was confident Democratic leadership would “create a process from which an outstanding nominee emerges” at the upcoming Democratic National Committee convention in Chicago next month.

“I believe that Joe Biden’s vision of a generous, prosperous, and united America that provides opportunity for everyone will be on full display at the Democratic Convention in August. And I expect that every single one of us are prepared to carry that message of hope and progress forward into November and beyond,” Obama said.

“We will be navigating uncharted waters in the days ahead. But I have extraordinary confidence that the leaders of our party will be able to create a process from which an outstanding nominee emerges,” Obama continued. “I believe that Joe Biden’s vision of a generous, prosperous, and united America that provides opportunity for everyone will be on full display at the Democratic Convention in August. And I expect that every single one of us are prepared to carry that message of hope and progress forward into November and beyond,” Obama said.

Obama said Biden’s decision to withdraw from the race exemplified his former vice president’s love for the country.

“For him to look at the political landscape and decide that he should pass the torch to a new nominee is surely one of the toughest in his life. But I know he wouldn’t make this decision unless he believed it was right for America,” Obama wrote. “It’s a testament to Joe Biden’s love of country — and a historic example of a genuine public servant once again putting the interests of the American people ahead of his own that future generations of leaders will do well to follow.”

The statement from the former president came shortly after both former Democratic presidential nominee Hillary Clinton and former President Bill Clinton announced they would be throwing their support behind Harris.

“We join millions of Americans in thanking President Biden for all he has accomplished, standing up for America time and again, with his North Star always being what’s best for the country. We are honored to join the President in endorsing Vice President Harris and will do whatever we can to support her,” the couple said in a joint statement on X.

Biden released his announcement to drop from the 2024 race Sunday afternoon on X, posting a letter in which he expressed his belief that it would be best for the Democratic Party and the country for him to “stand down and to focus solely on fulfilling my duties as president for the remainder of my term.” The president’s withdrawal comes after weeks of a steady trickle of Democratic lawmakers publicly urging him to step down.

Despite the concerns from his party, Biden and his team had insisted for weeks that he would stay in the race, despite reports indicating that major Democratic donors would pause contributions totaling an estimated $90 million to the largest pro-Biden super PAC if he remained the nominee.

Endorsements for Harris have rolled through from party lawmakers since the announcement, but some have proposed a “mini primary process” to select a nominee ahead of the Democratic convention in August.

(Featured image credit: Screen Capture/CSPAN)

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Daily Caller

‘Drill, Baby, Drill’ Or $50 Oil — Trump Can’t Have Both

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From the Daily Caller News Foundation

By David Blackmon

President Donald Trump has often made clear his goal of cutting prices for energy as part of his overall agenda to break the back of chronic inflation left behind by the Biden presidency. When talking about this goal, the president has placed special emphasis on lowering the price of crude oil, given its integral relationship to gas prices at the pump and transportation-related costs which go into the price of food, clothing and other consumer goods. 

“A very big thing that I’m very happy with is oil is down,” Trump said in remarks in the Oval Office on Wednesday. “We’re getting that down. When energy comes down, prices are going to be coming down with it. So, in a very short period of time, we’ve done a very good job.” 

White House advisor Peter Navarro has been quoted by The New York Times and other media outlets as saying that an average oil price of $50 per barrel would help tame inflation and set the stage for a return to a healthier economy. If that is indeed the goal, this week’s confluence of events, featuring a bigger-than-expected increase in oil production quotas from the OPEC+ oil cartel preceded less than 24 hours earlier by the president’s announced reciprocal tariffs on a wide array of countries went a long way to doing the trick. 

Just prior to Trump’s tariff announcement Wednesday afternoon, the price for West Texas Intermediate crude stood at $70/bbl. Less than 48 hours later, the price had fallen below $61, a drop of about 15%. It was the largest 2-day decline in crude prices since 2021. How much of the price decrease is due to the tariffs as opposed to the OPEC+ agreement to pour another 137,000 barrels per day onto the international market is hard to know, but there is no doubt both actions had an impact.  

As I’ve noted previously, this action to force lower prices for oil and natural gas lies directly at odds with the concurrent Trump “drill, baby, drill” objective which he sees as a key part of his American Energy Dominance agenda. The White House gave a nod to the oil refining segment in the Wednesday tariff announcement by exempting energy imports, another action at least in part aimed at lowering prices for gasoline and diesel fuel.  

But that nod to the downstream segment does little for upstream companies who have seen supply chain muck-ups and Biden-era inflation raise break-even prices above Friday’s levels. The Q1 2025 Energy Survey Report published March 26 by the Dallas Federal Reserve estimates that drillers in the Permian Basin require a $61 oil price just to break even on drilling new shale wells. The needed breakeven price rises higher in other, less prolific basins. CNN quoted independent oil analyst Andy Lipow as saying that many upstream companies require prices closer to Monday’s $71/bbl level for new shale wells. It almost goes without saying that operators will have little incentive to “drill, baby, drill” if they stand to lose money doing it. 

In an interview with Fox Business host Stu Varney on Tuesday, Energy Secretary Chris Wright, himself a former oil industry executive, said, “If your state has expensive energy, it’s because of choices made by politicians in those states to virtue signal somehow they’re on some global mission. They’re going to solve climate change by making your utility bills more expensive and your businesses want to relocate out of the states. That’s just nonsense.” He added that Trump was pursuing energy policies based on common sense, saying, “common sense will deliver more investment in our country and lower energy prices.” 

No doubt, few executives in the industry would agree that a pursuit of $50 oil prices has anything to do with common sense for their companies. If prices should drop that far and linger there for any length of time, layoffs and idled drilling rigs will become the prevailing topic of the day in oil and gas.  

So, while the White House might continue touting its “drill, baby, drill” slogan for the time being, we won’t hear it echoing through the barbecue and Tex-Mex joints in Midland, Texas, for the time being. 

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

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International

Germany launches first permanent foreign troop deployment since WW2

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MXM logo  MxM News

Quick Hit:

Germany activated a 5,000-strong armored brigade in Lithuania — marking its first permanent foreign military deployment since World War II. The move strengthens NATO’s eastern flank amid Ukraine’s ongoing conflict with Russia.

Key Details:

  • The 45th Armored Brigade was formally launched outside Vilnius on Tuesday.
  • Germany plans for the brigade to be fully operational by 2027 in Rūdninkai, near the Belarus border.
  • The deployment marks a major policy shift for Berlin and a boost for NATO’s deterrence posture.

Diving Deeper:

Germany has officially entered a new era of military engagement, launching its first permanent foreign troop deployment since the end of World War II. The move, announced Tuesday, sees the activation of a 5,000-strong armored brigade in Lithuania as part of a broader NATO strategy to counter the perceived threat from Russia.

The newly formed 45th Armored Brigade was ceremonially inaugurated outside the Lithuanian capital, Vilnius. German Brigadier General Christoph Huber assumed command, overseeing the establishment of a temporary headquarters and unveiling the unit’s crest. “We have a clear mission: to ensure the protection, freedom and security of our Lithuanian allies on NATO’s eastern flank,” Huber said, adding that the unit’s presence also directly contributes to the defense of Germany and NATO as a whole.

The deployment follows a pledge made by Berlin in 2023 — a decision that broke with decades of postwar defense policy rooted in military restraint. German officials had long avoided permanently stationing combat troops abroad. That posture has changed in response to Russia’s ongoing war in Ukraine, which has turned the Baltic region into one of NATO’s most vulnerable frontlines.

Germany’s commitment includes more than just fighting forces. The brigade will also feature key support elements, such as a medical center, communications specialists, and command support units dispersed across multiple Lithuanian locations. Troops will initially operate out of temporary facilities, with a permanent base under construction in Rūdninkai, located roughly 30 kilometers south of Vilnius.

Currently, 150 German soldiers are already on the ground in Lithuania. That figure is expected to rise to 500 by the end of the year as the new brigade scales up operations.

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