Economy & Business

"Trump Wants More Drilling, But The Oil Market Is Already Saturated"

Trump has repeatedly said eliminating barriers to drilling will unlock vast untapped reserves of “liquid gold” and ignite a new era of national prosperity. But most of the drilling leases already granted to companies in the oil-rich Gulf are idle and unused, and they’ll stay that way until the United States’ record-breaking production rates wane and the high costs of drilling offshore drop precipitously.

Source: Verite News, 02/05/2025

"Inside The Energy Department’s Partnership With The Plastics Industry"

"Nearly five years ago, the United States Department of Energy, or DOE, began an unusual partnership with the country’s largest lobbying group for the plastics industry." "Critics argue that the agency’s work with a lobbying group is a conflict of interest."

Source: Grist/ExxonKnews, 02/04/2025

The Bounty of the Gift Economy

Bestselling Indigenous botanist Robin Wall Kimmerer, in her new book, exalts a simple berry that helps sustain the life around it, and in doing so exemplifies the economic power of giving. “The Serviceberry” explores the traditions of the gift economy and its potential to be nurtured alongside the market economy. The latest BookShelf from contributor Jenny Weeks.

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In Win For Trump, Shell Walks Away From Major New Jersey Offshore Wind Farm

"In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey."

Source: AP, 02/03/2025

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