International
“Mainstream media bias is beyond biased”
Back in 2020, venture capitalists Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg launched a new podcast called All In. The All In Podcast focuses on business, technology, current events, market trends, and politics.
With well over 600,000 subscribers on Youtube, and over 400,000 followers on X, the All In Podcast is clearly becoming an extremely influential source of ideas, information, and discussion. This month, the founders held a live summit event in Los Angeles featuring the likes of Elon Musk and alternative news mogul Bari Weiss.
Exerts from that event are making the rounds on the internet including these video snippets from the session with Bari Weiss, editor and CEO of The Free Press.
🇺🇸DAVID SACKS: THE TURNING POINT FOR ME WITH THE MAINSTREAM MEDIA WAS DURING COVID
“I agree with you that the mainstream media is not just biased; it's like all propaganda, all the time.
And the turning point for me in realizing this was COVID.
I think before COVID, I… https://t.co/emIRi4lf21 pic.twitter.com/NzpYNAb94M
— Mario Nawfal (@MarioNawfal) September 19, 2024
Daily Caller
Nearly One Million Foreign Nationals Flocked To US For Asylum In 2023, Shattering All-Time Record
From the Daily Caller News Foundation
Nearly one million foreign nationals applied for asylum in the United States in fiscal year 2023, showcasing how dramatic the immigration crisis has become under the Biden-Harris administration, according to federal data.
There were a record-setting total of 945,370 asylum applications filed in fiscal year 2023, according to a report from the Department of Homeland Security (DHS). Not only were these the highest numbers in recorded history, but the report confirmed how applications in both categories of asylum — affirmative and defensive — nearly doubled in one single year under the Biden-Harris administration.
Affirmative asylum applicants are largely defined as non-citizens who initiated their asylum application with U.S. Citizenship and Immigration Services (USCIS). Foreign nationals who request asylum before an immigration judge during removal proceedings are considered defensive applicants — these applicants typically include illegal migrants and other non-citizens who are in violation of their status.
There were 456,750 affirmative asylum applications in 2023, the highest on record and nearly doubling from the 241,280 affirmative asylum case filings lodged the year before, according to DHS. In 2023, 488,620 defensive asylum applications were filed, the most ever recorded and almost doubling the 260,830 filed in 2022.
The DHS report also unveiled how initiatives championed under the Biden-Harris administration have resulted in explosive growth in asylum applications for certain nationalities.
There were less than 15,000 affirmative and defensive asylum applications lodged by Venezuelan nationals in fiscal year 2021, according to the report. That number skyrocketed to 173,190 in fiscal year 2023. Similar trends were also seen in Cuban, Nicaraguan and Haitian applicants during this same time frame.
These four nationality groups are included in the CHNV program, a parole initiative launched by the White House that has allowed hundreds of thousands of them to fly into the U.S. The CHNV program, which has been plagued with fraud, has so far paroled roughly half a million foreign nationals into the U.S. since it launched in January 2023, according to Customs and Border Protection (CBP).
The Biden-Harris administration has also helped streamline the asylum application process by expanding the role of the CBP One app, which allows foreign nationals to apply for asylum on a daily basis outside of the U.S.
Border Patrol agents have encountered more than seven million illegal migrants attempting to cross the U.S.-Mexico border since the beginning of the Biden-Harris administration, according to the latest CBP data. While an executive order handed down earlier this year has recently dwindled the number of illegal entries along the southern border, the backlog of cases currently pending in immigration court rooms has already reached record levels, causing immense strain for federal immigration staffers attempting to process the crisis.
The White House did not immediately respond to a request for comment from the Daily Caller News Foundation.
Energy
TMX Pipeline a Success Story – Despite All the Green Battles Against It
From Energy Now
“As we go into winter months, Canada will set new export records”
We remember well the green battles against the “TMX” expansion of the Trans Mountain oil pipeline from Alberta to B.C. The idea was, they said, at best unnecessary and at worst thoroughly dangerous to the world environment.
One group said the expansion “threatens to unleash a massive tar sands spill that would threaten drinking water, salmon, coastal wildlife, and communities.” It would also, others said, impede investment in clean energy and undermine Canada’s efforts to deal with climate change.
Some said the expanded line would be an imposition on First Nations. But a number of First Nations are interested in acquiring an equity stake in the pipeline (and the federal government, which owns the line, is looking to sell a 30-percent stake to them).
Despite the loud opposition, the federal government went ahead and purchased the pipeline and the expansion project in May 2018, completing the pipeline’s expansion this year at a total cost of $31 billion.
Prime Minister Trudeau’s explanation: Ottawa stepped in because owner Kinder Morgan “wanted to throw up their hands and walk away,” and his government wanted to make sure that Canadian oil could reach new markets.
Alberta’s Canadian Energy Centre supported that outlook: “We’re going to be moving into a market where buyers are going to be competing to buy Canadian oil.”
Our Margareta Dovgal wrote: “What matters to us is the benefits to Canada. For one thing, we now will be able to ship more oil by tanker to refineries on the U.S. West Coast at a better price than oil by tanker from Alaska. And . . . we’ll have more oil more readily available for overseas buyers.
“So, all in all, we can expect to see higher returns on our oil, and we can continue to see the immense benefits of high-paying jobs in Canadian energy, and the benefits of revenues to government.”
It has all been happening, in spades.
And the opening of the expanded pipeline on May 1 this year also helped bring down gasoline prices.
In Vancouver, for example, regular gasoline in April ran as high as $2.359 a litre. At the beginning of May, as key refineries returned to normal after seasonal maintenance work, it stood around $2.085. As October opened, the price was as low as $1.579.
Economist G. Kent Fellows said at an event hosted by Resource Works and the Business Council of B.C.: “Our analysis shows that insufficient pipeline capacity was costing B.C. consumers an estimated $1.5 billion per year in higher gasoline prices.
“With TMX now operational, wholesale gasoline prices in Vancouver dropped by about 28 cents per litre compared to earlier this year.”
As for those buyers competing for our oil, some thought the prime export destination would be California. But the summer just past brought exports on tankers from Vancouver to China, Japan, India, Hong Kong, South Korea, and Brunei.
As of now, California is indeed leading as a destination, with Asian buyers having eased off after their initial purchases. Experts say that was expected, with Asian refineries first taking test cargoes to see how their systems handle our oil.
Kevin Birn, chief Canadian oil markets analyst for S&P Global, told Business in Vancouver: “There is always a market for crude oil in the Pacific Basin. We always saw the need for the Trans Mountain pipeline. We saw Canadian production continuing to grow.”
Birn added: “It’s still relatively early. I’d expect volumes to continue to build, cargoes to test different markets all over the place, and over time you’ll start to see patterns.
“As we go into winter months, Canada will set new export records, because as capacity’s been optimized and new product projections and wells are brought online, the winter tends to be the peak period.
“Every year, I think, for the next couple of years, Canada will set new records.”
That would be good news for Canada’s economy — and for Alberta’s.
There are no statistics available yet on the TMX line’s impact on the economy, but in 2019 Trans Mountain estimated that construction and operation would mean $46 billion in revenue to governments over the first 20 years.
Today, as reported by Alberta’s energy minister, Brian Jean, Alberta continues to break records for crude oil production, with global demand continuing to grow.
The latest numbers from the Alberta Energy Regulator show Alberta’s oil production averaged a little over 4 million barrels per day in August — the highest on record for any August.
“The addition of 590,000 barrels per day of heavy oil pipeline capacity from Alberta to the B.C. coast earlier this year with the completion of the Trans Mountain Pipeline expansion project has been instrumental in the recent production increases.”
All this as the International Energy Agency said that while oil demand is decelerating from 2023 levels due to a slowing economy in China, demand is still set to increase by 900,000 barrels per day (bpd) this year. That would push global consumption to a record level of almost 103 million bpd.
And that forecast came as Jonathan Wilkinson, our federal minister of energy and natural resources, declared: “Oil and gas will peak this decade. In fact, oil is probably peaking this year.”
A bevy of market-watchers disagreed with him. Among them, Greg Ebel, CEO of Calgary-based Enbridge, says global oil consumption will be “well north” of 100 million barrels per day by 2050 — and could exceed 110 million barrels.
“You continue to see economic demands, and particularly in the developing world, people continue to say lighter, faster, denser, cheaper energy works for our people. . . And that’s leading to more oil usage.”
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