The President is holding the news conference at Trump National Doral golf resort in Miami. He’ll be traveling back to the White House later this evening.
LIVE LINK – Right Side Broadcasting LIVE LINK – Rumble
President Trump is again urging the Senate to pass the Save America voting act that is a core element of restoring voter integrity in U.S. elections. In his Truth Social post, President Trump notes he will not sign other legislation until the Save America Act reaches his desk.
[SOURCE]
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One of the most curious aspects to the predictable USMCA review, ie. dissolution, has been the incapacity of the Canadian government or trade delegation to accept the United States is going to create two distinctly different bilateral trade agreements and eliminate the trilateral USMCA.
For 16 months the Canadians have refused to fathom the reality of what is going to happen this year.
The Canadians just cannot believe it is possible they will be forced to negotiate a free trade agreement without the cover of a multilateral construct. It has been remarkable to watch their dissonance.
Last week President Donald Trump and Mexican President Claudia Sheinbaum held a phone call. At the conclusion of the call, Sheinbaum publicly asserted the reality the Canadians just refuse to accept.
MEXICO – Mexico’s President Claudia Sheinbaum told reporters during her morning news briefing on Wednesday that her U.S. counterpart, Donald Trump, is open to doing away with the U.S.-Mexico-Canada trade agreement (USMCA) and replace it with individual trade deals with each country.
[…] “There might be revisions that create bilateral deals instead of involving the three countries because some things are more important between Mexico and the United Sates or between Canada and the United States,” said Sheinbaum. “Not everything has to be trilateral.”
Mexico’s president said the subject was brought up by Trump during a Tuesday phone conversation. […] According to Sheinbaum, her country is ready to consider possible changes. (read more)
Canadian Prime Minister Mark Carney finally started to realize President Trump was likely to ignore Canada and begin direct discussions with Sheinbaum. So, Carney went to Mexico to try and get assurances from Sheinbaum that Mexico would not proceed without Canadian interests in mind.
Essentially, Carney wanted Sheinbaum to be on his team. However, as diplomatically noted in the phone call with President Trump, President Sheinbaum politely rejected the Canadian partnership. [Insert Trump’s position toward Mexican cartels as an overriding thought]
The Canadians have been talking to U.S. media looking for sympathetic ‘Orange man bad’ coverage. However, within the contacts between Canadian government officials and U.S. corporate allies, the sentiment from team Trump is very clear:
“The key thing that has struck me, and I think it has struck all Canadians, is so many of these guys in the Trump administration, frankly, they just hate Canada,” said Brian Clow, former Prime Minister Justin Trudeau’s deputy chief of staff who led Canada-U.S. affairs. {source}
It’s not hatred, it’s annoyance.
Years of compounding parasitic annoyances and sanctimonious, ‘holier-than-thou’ pontifications from the arrogant and uppity Canadian government.
The only time Canada has been honest with themselves and with President Trump was when Justin Trudeau was exiting office and admitted Canada cannot function without all of the one-way benefits it receives from the USA {GO DEEP}.
That’s it. That’s the only time Canada has ever been honest about the nature of the economic relationship. A time when Trudeau had already quit and would not be around to deal with the consequences. However, the level of Canadian arrogance is not only visible to President Trump, even the Japanese can see it.
Remember that very close relationship between Japanese Prime Minister Sanae Takaichi and President Trump. That professional, personal and respectful relationship is going to become strategically important this year.
Japan’s economic and trade representatives have told the Canadians that if the USMCA is dissolved, and if Canada no longer has the same trade access current available in the trilateral format, then Japan would rethink its entire investment portfolio in Canada, specifically the auto sector.
In essence, specifically as it pertains to the auto industry, Japan is saying if the USMCA is gone, Japan may pull all their cross-border manufacturing out of Canada and transfer it to the United States.
Prime Minister Mark Carney was recently questioned about the statements from Japan and he waxed nonsensically [SEE HERE] about how Canada would use Chinese BYD electric autos to replace lost Toyota manufacturing.
It’s a hot mess for Canada and getting worse.
Last Friday, Canada’s worst nightmare began unfolding:
WASHINGTON – Today, U.S Trade Representative Jamieson Greer and Mexican Secretary of Economy Marcelo Ebrard announced the first round of bilateral discussions in preparation for the Joint Review of the United States–Mexico–Canada Agreement (USMCA).
The ministers instructed negotiators to begin a scoping discussion on the necessary measures to ensure the benefits of the Agreement accrue primarily to the parties, including by reducing dependence on imports from outside the region, strengthening rules of origin, and enhancing the security of North American supply chains.
Ministers expect negotiators to hold the first meeting the week of March 16 and meet regularly thereafter as part of the Joint Review. [LINK]
Right there, you can see the exact same thing that took place in early 2017, when President Trump began organizing a bilateral trade discussion with Mexico only, in advance of his preferred approach to dissolve NAFTA and use two distinctly different bilateral trade agreements to replace it. USTR Robert Lighthizer was working with Mexico only.
USTR Jamieson Greer, the studious protege’ of Lighthizer, now has the task of organizing the USA and Mexico while delaying any substantive contact/discussions with Canada until President Trump is ready to drop the hammer.
I can assuredly say President Trump wants everything outlined and in place for a U.S-Mexico deal before he announces the dissolution (joint review withdrawal) to end the USMCA.
There is little to no chance President Trump wants to renew a trilateral trade agreement that allows Canada to keep exploiting their market access to the U.S. without accepting reciprocity.
Remember, Canada’s main export is energy, and Trump has diminished that leverage through the Venezuela operation. Perhaps another ‘ah-ha’ moment for deep weed walkers. Yes, in addition to giving China a body blow, taking control of Venezuela oil and minerals also weakens the leverage position of Mark Carney. Can you see it now?
Canada has one key card they can leverage, congress.
Prime Minister Mark Carney is counting on the UniParty in Washington DC to stand in his corner against President Donald Trump and block any attempt to end the USMCA. However, this is not going to be a surprise to President Trump, because Justin Trudeau did the same thing in 2018 when he coordinated his approach toward NAFTA through then Speaker of the House, Nancy Pelosi.
As I have said with great eagerness, it is going to be a lot of fun to watch this unfold.
Almost all of the corporate news programs today are carbon copies of the same tired talking points, driving home the reality that mainstream U.S. media are concentric circles of the same news feed. Essentially, media reports reporting on media reports, of other organized media reports.
No one seems to be asking any of the core operational and policy questions that can cut to the heart of the matter. ie., “you are doing XXX, what is the intent of this action/policy move, and can you describe in actionable terms what benefit the American people can expect as a result of the anticipated outcome”? Instead, the questions are all hindsight and reactionary. Frankly, the repetition is mind-numbing.
In this Fox interview, Secretary of Energy Chris Wright answers some of the same questions from the CBS interview, sans the arrogant and condescending tone during the questioning. WATCH:
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Mrs Bartiromo begins her broadcast talking about the impacts to the price of oil and gas from the U.S. military conflict with Iran. White House Press Secretary Karoline Leavitt then appears on the broadcast to answer questions about what President Trump is doing to offset the energy price increase.
Leavitt notes the Iranian military is no longer combat effective and further degradation efforts are ongoing. Both Mrs. Leavitt and Energy Secretary Chris Wright believe the movement of ships through the strait of Hormuz is likely to restart very soon. WATCH:
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Energy Secretary Chris Wright appears on Face the Nation to push back against the narrative engineering of CBS’s Margaret Brennan. The video and transcript are below.
[Transcript] – MARGARET BRENNAN: We turn now to Energy Secretary Chris Wright, who joins us this morning from Denver. Good morning to you.
SECRETARY OF ENERGY CHRIS WRIGHT: Thanks for having me Margaret.
MARGARET BRENNAN: So 50,000 U.S. troops deployed, six Americans that we know of so far killed in action, civilians stranded. We look at our polling, Mr. Secretary, and we see that this is an unpopular war among the majority of Americans. More than half of them, 56% disapprove. When you speak to energy executives about the scope and duration of American involvement, what do you tell them? How long?
SEC. WRIGHT: I tell them that for 47 years, Iran is warg- waged war against the United States, and they’ve- throughout that 47 years, they’ve tried to undermine the energy development and energy infrastructure of all their neighbors, as they’re doing right now, and it’s time to put it to an end. So yes, we have a, we have a temporary period of elevated energy prices, but it will not be long. In the worst case, this is weeks, this is not months, and it leads to a much better place. It leads to an Iran that’s defanged, that can’t threaten its neighbors, can’t threaten American soldiers and can’t continue to drive up energy prices by making a mess of the Middle East. They can move to commerce, not conflict.
MARGARET BRENNAN: Well, but you have the moment we are in right now, and as you know, gasoline prices up 14% in the past week. According to AAA, reports the national average is $3.45. We’ve seen oil prices spike. How high do you think oil and gas are going to go?
SEC. WRIGHT: They shouldn’t go much higher than they are here because the world is very well supplied with oil. There’s no energy shortage at all in the Western Hemisphere.
MARGARET BRENNAN: Right.
SEC. WRIGHT: The United States is a net exporter of oil, a large net exporter of natural gas. But refineries in Asia and Europe are seeing an interruption from the normal crude flows. But there is massive energy stores around the world. What you’re seeing is emotional reactions and fear that this is a long term war. This is not a long term war–
MARGARET BRENNAN: –But–
SEC. WRIGHT: –It’s a temporary movement.
MARGARET BRENNAN: Sorry, go ahead, temporary movement.
SEC. WRIGHT: No, I’m saying look, we’ve seen previous administration have done everything they could. They begged, bartered and bribed the Iranian government to stop its nefarious activity, stop its murderous behavior, and it simply hasn’t worked, and now, they’re, they’re expanding missile and drone program that are rapidly growing to protect their desire to build a nuclear weapon. We’re going to cross the threshold where we can’t put them back in the box. Now is the time to end their risk to America and the world.
MARGARET BRENNAN: But as you know, when I ask you about energy prices, this is not a supply problem. You said there’s plenty of supply. The head of the International Energy Agency said, lot of oil, logistics are the problem. It’s dislocation. It’s a serious problem. So what he’s referring to there is being able to actually move it around. I know you said there’s, there’s one vessel that’s gone through the Strait of Hormuz. 20 million barrels per day typically go through it. When do you get back to that level?
SEC. WRIGHT: Oh, I think it will be relatively soon. Of course, I don’t know exactly. All of our military assets right now are focused on ending Iran’s ability to kill their neighbors, threaten American soldiers and threaten ship traffic in the Strait of Hormuz, but that’s going swimmingly well. Their missile launches are down 90%, the drone launches are down over 80% I think in the relatively near term, you’re going to see their capacity so low that we’ll see more normal ship traffic return to the Strait of Hormuz.
MARGARET BRENNAN: So you don’t think Navy escorts of vessels are necessary?
SEC WRIGHT: They might be. They might be. The U.S. is here to do everything we can to keep world oil markets supplied. Yes, if they have some residual–
MARGARET BRENNAN: –When will you make that decision?
SEC. WRIGHT: We’re, we’re in engagement right now with people that want to get tankers moving out of the Gulf. And so, yes, there could be there- early tankers probably will involve some direct protection by the U.S. military, but most important is to defang their ability to threaten these ships.
MARGARET BRENNAN: So the president had said he was open to tapping the American stockpile of oil, the Strategic Petroleum Reserve, but I saw you on other networks this morning, kind of throwing cold water on the idea. You referred to it as depleted. Are you saying America doesn’t have adequate stockpiles?
SEC. WRIGHT: No. America still has over 400 million barrels of oil in our strategic petroleum reserve, and, of course, robust production. We’re, we’re, more than happy to use that if it’s needed. But as you said earlier, it’s a logistics issue. Where do they need oil? They need oil at refineries in Europe and in Asia. And that’s why we took a very pragmatic step. There’s over 100 million barrels of floating Russian crude waiting in line to deliver to China. That’s going to be sold, it’s going to be refined, but that could be one or two months from now. So in a pragmatic way, with no change in U.S. policy towards Russia, we told the Indians, bring that into your refineries. You know, if you, if you’re feeling a shortage of crude, prices are being bid up, draw down that Russian crude stocks that are sitting right offshore.
MARGARET BRENNAN: Yeah. So on that point, the U.S. has temporarily suspended some sanctions to make that Russian oil, you say was already going to be sold anyway, make it available. But doesn’t Russia still financially benefit from that? Why isn’t the U.S. seizing those Russian tankers if they are our adversary?
SEC. WRIGHT: Because right now, because right now, we’re worried about Iran and fixing a 47-year problem there, and we’re worried about American consumers. We want to stop the rise in–
MARGARET BRENNAN: –Russia was helping Iran–
SEC. WRIGHT: –gasoline and diesel prices. Well, there’s been rumors of that. We don’t know if that’s true or not. Certainly, they’ve gotten a strong message from us. But this is oil already on the ocean–
MARGARET BRENNAN: –These Iranian drones have Russian parts in them. The Russians have been buying Iranian drones. That is very well documented, and CBS has confirmed and reported that there was sharing of intelligence. Russia providing intel to target Americans. So how is Russia not part of this?
SEC. WRIGHT: Look, Russia, Russia is expert at causing trouble around the world, so I’m not saying they’re not. I’m saying I don’t- if they’re helping Iran, it’s not working very well, but we’re not helping Russia by just accelerating the sale of their oil to stop the rise of energy prices and keep European and Asian refineries in oil. We’re just doing pragmatic things to get through a short period that will bring in an era of even lower energy prices because a major energy producing region of the world, the Middle East, will no longer have a strong, powerful Iran that can threaten their neighbors, that can threaten the United States of America and was not far away from a nuclear bomb. That’s an–
MARGARET BRENNAN: –How much–
SEC. WRIGHT: –unacceptable scenario. That’s the risk to energy prices was not doing anything.
MARGARET BRENNAN: So when the Qataris say you could see $150 barrel in oil, that’s something America could stomach? President Trump wouldn’t say, I’m done with this war because I can’t stand the political pressure and the American people saying I don’t like what I’m paying at the pump?
SEC. WRIGHT: No, the president’s going to continue to stay focused on ending a 47-year conflict, stay focused on growing the global energy supply. This is actually part of that effort. It does involve a temporary impediment to energy production, but on the other side, it will allow much more energy production and much lower energy prices. But this is not a long term conflict. Most presidents have just thought, they’ll kick the can down the road. The risk is simply too great to kick that increasingly dangerous can down the road.
MARGARET BRENNAN: Yeah.
SEC. WRIGHT: President Trump’s bold leadership is enough’s enough. We’re going to put it to an end.
MARGARET BRENNAN: I want to ask you about Venezuela. The U.S. deposed Maduro. He’s sitting in a prison. Just this past week, though, we had the interior secretary visiting Venezuela and sitting across from Maduro’s Chief thug, Diosdado Cabello. This is someone who has a $25 million bounty on his head. He ran the prisons, he ran the militias. He was treated as a counterpart to an American official. Is this the same playbook the Trump administration is going to run in Iran, that you will deal with the same regime you’ve been telling me is terrible to deal with for 47 years?
SEC. WRIGHT: We don’t know what the regime will be in place at the, at the end of this conflict, but we do know that regime will not have a massive weapons arsenal, that that regime will no longer be a massive threat to Americans and to the Middle East and to global oil supplies. President Trump is using bold leadership. We can’t change the world at a blink of an eye, but we can steer it in massively positive directions, and yes, Venezuela is a great example of that. Crime in the nearby Trinidad and Tobago has plummeted already from our actions in Venezuela, and President Trump’s insistence that he’s going to work with that our neighbors to reduce drug trafficking in the Western Hemisphere. Leadership takes- involves risks, but if you want to drive improvement, you’ve got to be confident, you’ve got to have the right agenda, and you’ve got to have the courage to do it. This president does.
MARGARET BRENNAN: Energy Secretary Wright, thank you for your time this morning. Face the Nation will be back in a minute. Stay with us.
President Trump gives an impromptu press conference aboard Airforce One returning to Florida following the solemn ceremony at Dover Airforce Base. Emissary Steve Witkoff and Defense Secretary Pete Hegseth also delivered some comments on questions from the media.
President Trump answered questions about rising U.S. gas prices saying, this is a confrontation that should have taken place before. For 47 years various presidents have navigated the risk and threats presented by Iran, but President Trump is choosing to end the threat once and for all.
Keeping security issues close to the chest, President Trump refused to directly answer any questions about ongoing operations, targeting or matters of military strategy. At 7:45 of the video Steve Witkoff and Pete Hegseth also answered questions. WATCH:
At 10:35 President Trump was asked his opinion on what Russia would say if confronted about support for Iran, and President Trump showcased how well he knows the Russian approach by saying if we confronted them, Russia would just say the U.S. supports Ukraine against Russia, right? President Trump is correct; Russian President Putin is the master at pointing out hypocrisy in foreign intervention.
At 13:15 President Trump is asked about Kurdish support, and Trump notes the U.S. appreciates the offer but does not want the Kurdish forces to get involved because it only complicates the issues. The Kurds are our allies, and President Trump has had conversations with Kurdish leadership; however, within that friendship Trump notes it would be dangerous for the Kurds to get involved.
When President Donald Trump and President Vladimir Putin met in Alaska on August 15, 2025, the focus of the geopolitical world was on discussions surrounding Ukraine. Unfortunately, it didn’t take long, merely a few hours, for both the U.S. and Russia to say that no progress was made. However, also noted at the time was both the USA and Russia saying sideline discussions took place surrounding the possibility for a strategic relationship surrounding energy development.
What follows below is a review of the current energy dynamic, specifically surrounding LNG, against the backdrop of the Iran war with a hindsight review of that previous discussion between Putin and Trump.
What most people are missing in their current analysis was something that took place immediately following that Alaska summit six months ago. Something that did not make any sense until now. {GO DEEP PART I HERE}
Three days after that summit meeting, on August 18, 2025, Russia announced they were restarting Russia’s Arctic-2 LNG production facility. Russia would be more than doubling their capacity to generate and store liquified natural gas (LNG).
It absolutely did not make sense that Russia would start producing even more LNG considering the previously imposed western sanctions against them, and the fact that Russia was already overproducing LNG. As noted by analysts at the time:
AUGUST 18, 2025 – Russia’s Arctic LNG 2 export facility, which is sanctioned by the United States, is coming back to life after a year of no activity and is looking for buyers in Asia.
[…] The U.S. and EU sanctions on Russia’s Arctic LNG 2, which was billed as Russia’s flagship LNG project, have effectively frozen the start-up of the export facility in the Gydan Peninsula.
[…] Last year, Russia started shipping LNG from its flagship Arctic LNG 2 project—but not to customers. The shipments were made from the Arctic project to floating storage units either in Russia or in European waters, as potential customers were unwilling to buy the sanctioned LNG. {SOURCE}
In August of 2025, Russia was essentially producing more LNG than they could sell into the available market. Russia was storing the overproduction from Arctic-1 on floating storage units and slowly selling to countries that did not align with the sanctions, specifically China and some Asian buyers. Then suddenly, after the Trump summit, Russia decides to bring Arctic-2 online and produce even more LNG. You can see how this did not make sense.
If they could not even sell all the Arctic-1 LNG output, then why would Russia bring Arctic-2 LNG production online?
That was six months ago.
Suddenly, with the war in Iran being triggered, and with Qatar almost immediately announcing they were shutting down all LNG production, there are dozens of new markets for liquified natural gas. And that current LNG is now worth 50% more than it was when Russia inextricably decided to start producing and storing it.
Apply some hindsight to this timeline. Did Russia know or discover something in August of 2025 that the world would not discover until six months later?
Russia’s behavior in increasing LNG production, then storing that LNG in strategic venues, during a time when there was no reasonable incentive to trigger an LNG output increase, would seem to answer that question in the affirmative.
One thing is certain, all of that previously produced LNG is now worth double what it was when Russia created it, and now the global market is scrambling to get it.
Here is where it gets really interesting….
In October 2025, do you remember me asking why President Trump decided to fly East, to go West to the ASEAN summit in Asia? It just didn’t make sense.
Previously in 2017 when President Trump went to the ASEAN summit, he flew West; Airforce One refueled in Guam. This time in 2025, a few weeks after the meeting with President Putin in Alaska, President Trump flew East, to go West.
Where did he refuel?
That’s correct. President Trump refueled in Qatar, and during the ‘unexpected’ stop he met, yet again, with Qatari leadership.
♦ In May 2025 President Trump traveled to Qatar and had numerous and lengthy conversations, signing multiple strategic defense and trade deals. ♦ In August 2025, President Trump meets with Vladimir Putin, who then begins ramping up production of LNG. ♦ In October 2025, President Trump travels back to Qatar for a curious and unexpected visit.
Less than 36 hours after President Trump began “Operation Epic Fury” Qatar announces they are halting the production of LNG, and as a consequence the price of LNG jumped and a massive supply shift in global trade was created.
The Financial Times – […] The global battle for gas is underway, with Europe on the front lines. Since Wednesday, March 4, at least four liquefied natural gas (LNG) tankers – factory ships with large, refrigerated tanks used to transport LNG over long distances – suddenly changed course. Initially headed for France, Belgium or Spain from Africa and the United States, they rerouted for Asia, according to data from the maritime analytics company Kpler. (read more)
MOSCOW, March 4 (Reuters) – Russia could halt gas supplies to Europe right now amid a spike in energy prices triggered by the Iran crisis, President Vladimir Putin warned on Wednesday, linking the possible decision to the European Union wanting to ban purchases of Russian gas and liquefied natural gas. (read more)
MOSCOW, March 6 (Reuters) – “Our companies are considering opportunities, without waiting for further restrictions from Europe, to conclude new long-term contracts with our partners and redirect some of the gas from Europe to other countries, including India, Thailand, the Philippines and the People’s Republic of China,” Russian Deputy Prime Minister Alexander Novak said.
Next announcement:
[SOURCE]
Six months ago, following a summit in Alaska with President Trump, President Vladimir Putin began producing and storing LNG at a scale and capacity that did not make sense. Six months later, the now massive Russian inventory is worth twice as much as it was, AND the number of global buyers for the Russian LNG has exploded.
Meanwhile, “while China would suffer from oil outages, a Middle East crisis with disproportionate LNG outages might benefit the PRC. Natural gas accounts for a relatively small share of China’s primary energy consumption, the country enjoys substantial domestic production, and it can tap pipeline imports from Russia, Central Asia, and Myanmar. Significantly, many of the PRC’s competitors or rivals—the European Union, Japan, South Korea, and Taiwan—are substantially or even wholly reliant on LNG imports for their natural gas consumption. Dutch TTF natural gas prices are up more than 50 percent against last Friday’s close, fueling concerns of an energy-induced inflationary spike.”
Where is President Trump scheduled to go next?
WASHINGTON/BEIJING, March 3 (Reuters) – The U.S. military campaign against Iran has put Chinese leader Xi Jinping on the back foot ahead of an expected summit with U.S. President Donald Trump, who for the second time in as many months has turned America’s military against one of Beijing’s close partners.
Trump is set to arrive in Beijing at the end of March following the U.S. capture of Venezuelan President Nicolas Maduro in a risky Caracas raid in January and the U.S.-Israeli air war that on Saturday killed Iran’s Supreme Leader Ayatollah Ali Khamenei, the former leaders of two countries that have been major oil suppliers for China.
[…] Xi now faces the awkward prospect of feting Trump on the world stage or backing out of the proposed March 31 to April 2 meeting. Beijing has yet to confirm the summit dates. (read more)
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Huh, imagine that….
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