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"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

"E.P.A. Demotes Career Employees Overseeing Science, Enforcement and More"

"The Environmental Protection Agency is demoting career employees who oversee scientific research, the enforcement of pollution laws, hazardous waste cleanup and the agency’s human resources department and will replace them with political appointees, according to two people familiar with the approach."

Source: NYTimes, 02/05/2025

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