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2025-04-14 18:00:00| Fast Company

The second Trump administration has launched the next stage in the half-century-long battle between commerce and conservation over Alaskan oil and gas development. But its moves are delivering a mixed message to the petroleum industry. The administration has opened or reopened large swaths of government land in Alaska to oil and gas drilling, though only some of those opportunities have drawn much commercial interest in recent years. And an 800-mile pipeline across Alaska that the administration says it supports is not yet funded, and other administration policies risk turning off prospective partners. President Donald Trump says he wants to grow oil and gas production and advance the goal of what he calls U.S. energy dominance. The White House says that term means both reducing the amount of energy imported from other countries and increasing the amount of energy exported from the U.S., especially to allies. The U.S. is already the worlds largest producer and exporter of natural gas as well as the largest producer of crude oil. And the nations oil industry boomed under the Biden administration. However, the U.S. does import an average of over 6 million barrels per day of crude oil, most of it from Canada. Trumps efforts seek to boost U.S. production to still greater heights by expanding access to areas for drilling and building related infrastructure. But as a former petroleum geoscientist and industry observer, I would suggest his various actions, taken as a whole, may have more limited effects than he seems to hope. The Trans-Alaska Pipeline runs 800 miles from the North Slope to the port of Valdez, Alaska. [Photo: Mario Tama/Getty Images] Returned to leasing In one of his first executive orders after retaking office on Jan. 20, 2025, Trump declared that the U.S. would develop Alaskas petroleum resources to the fullest extent possible. The Biden administration had banned oil leasing in three areas of Alaska. One was all but 400,000 acres in the coastal plain portion of the Arctic National Wildlife Refuge. Another was a 13-million-acre swath of the National Petroleum Reserve-Alaska, a massive parcel of federal land west of the refuge. The third area was 44 million acres of the offshore coastal portion of the northern Bering Sea, based on concerns for tribal rights and the migration routes of marine mammals. Trump moved quickly to reverse all these bans, describing them as an assault on Alaskas sovereignty and its ability to responsibly develop (its) resources for the benefit of the Nation. And Trump went farther, expanding the available land by an additional 6 million acres in the petroleum reserve and another 1.1 million acres of the wildlife refuge. All those areas are home to many different types of wildlife, as well as Indigenous groups. The view of industry For the petroleum industry, I expect these actions are both welcome and irrelevant. Reopening the northeastern portion of the petroleum reserve creates a real opportunity: Exploration has found a significant amount of oil and gas in that area, and indications are that there may be more yet to discover. But prospects on the land in the wildlife refuge and the shallow waters of the Bering Sea are not likely of much interest to drilling companies unless oil prices rise significantly from their levels in early 2025. There is no established production in either area at present. And, though the refuge has oil and gas potential, there are no roads or pipelines, and Arctic drilling is especially expensive. In fact, the last two attempts by the government to lease oil development rights in the wildlife refuge drew very little interest. In 2020, the first Trump administration teamed with Republicans in Congress to overcome long-standing legal and political opposition to leasing in the refuge. But the 2021 lease sale was a bust, with none of the top oil producers in the state participating. A second round of bidding, in January 2025, received no interest at all from oil companies. Pipe dreams that could come true A strong gain for the petroleum industry would be a major new pipeline to carry natural gas morethan 800 miles south from the Prudhoe Bay area on the Arctic coast to a port near Anchorage on south-central Alaskas Cook Inlet. The idea has its own decades-long history, and has been both pushed forward and set back over the years by changing economics, government plans, and tribal interest and opposition. The main challenge is that there is no way to transport natural gas off the North Slope. Since drilling began in the late 1970s, some has been used locally for heating and running equipment, with the vast majority being reinjected into oil reservoir rock to help maintain oil production. Rising demand and elevated prices in Asia, however, suggest the project could be profitable, despite the current cost estimate of US$44 billion. Project plans indicate most of it would go to build a liquefied natural gas export terminal near Anchorage, with the rest spent to construct an 807-mile pipeline paralleling the existing Trans-Alaska Pipeline, and a plant at Prudhoe Bay that would capture carbon from the atmosphere, compress it and inject it into oil-producing reservoirs to boost production. The pipeline is designed to carry 3.3 billion cubic feet of natural gas each day, which would make it one of the largest pipelines in North America. The export terminal, to be built near the town of Nikiski on Cook Inlet, would have a capacity of roughly 1 trillion cubic feet per year, enough to heat about 15 million homes for a year. The pipeline could take as little as two to three years to build, but the terminal and carbon-capture plant would take longer five years or so. The exports from Alaska could go to other ports in the U.S., but they could also fetch higher prices in Japan, South Korea, Taiwan and possibly China. An artists rendering of what a natural gas export terminal would look like on Cook Inlet, near Nikiski, Alaska. [Image: Gasline Development Corporation] A wrench in the works Most of the permits needed for the pipeline-and-export-terminal project have been secured by the Alaska Gasline Development Corporation, a company created by the state of Alaska to build the project. However, no company or foreign government has yet agreed to foot the bill, and despite the support of the Trump White House, theres no indication the federal government will do so either. The Trump administration has also created a new barrier to the project. Its sweeping tariffs and the resulting trade war crashed prices in the global oil and gas market in early April 2025. In addition, uncertainty about the permanence of tariffs or other restrictions on international trade are now widespread and directly affect the oil industry. Lower gas and oil prices and less stability make any project less attractive. Its true that Trump exempted oil and gas from his most recent tariffs. But that matters less than the broader effect the trade war is already having, with analysts projecting it is driving the global economy toward recession. Less economic activity means less demand for oil and gas, and therefore less incentive for companies to drill new wells and build new pipelines. To top everything off, the White House slapped heavy tariffs on Japan, South Korea and Taiwan, the very countries that might be inclined to help fund the pipeline project. Even before the trade war, they were hesitant about supporting it. The potential suspension, or reinstatement, or adjustment of tariffs is not likely to help them view the situation as more stable. Those who favor oil and gas development in Alaska may be wondering whether the president is truly on their side. It remains to be seen whether their hopes might end up a casualty of White House economic policy. Scott L. Montgomery is a lecturer in international studies at the University of Washington. This article is republished from The Conversation under a Creative Commons license. Read the original article.


Category: E-Commerce

 

2025-04-14 17:39:50| Fast Company

Daters: It might be time to spring clean your dating app profile. More than 50% of young Americans have gone on a date with someone who looked different from their profile photos, according to a new survey from dating app Hily. Thats led 54% of Gen Z and 62% of millennial daters to either end a date early or decline a second one, Hily found after surveying 3,700 dating app users earlier this month. “For a variety of reasons, quite a few people dont regularly update their profile pics, some not even when their looks change,” the company wrote in an accompanying blog post. “Women tend to be afraid of being judged for their appearance, while men feel like the content of their profile doesnt make a difference. A lot of women and men just dont know what to put in their profiles.” About 10% of daters admitted theyre “unlikely to change their profile pics, even if their appearance changes.” But thats a small share overall: Hily said 84% of women and 83% of men have updated their profiles within the past six months. Still, many young daters will say their pictures may not be 100% true to reality. The survey found that around 45% of Gen Z and 33% of millennials view their own profile pictures as close to their actual looks, but not quite there. This likely fits into the broader public sentiment of users being dismayed with dating apps. According to a 2023 Pew survey, online daters are relatively divided over whether their experiences on the apps have been either positive or negative. If you go on enough dates with people you weren’t expecting to go on dates with (a.k.a.: you were catfished), you’ll likely become a bit jaded with the experience. Take this as your sign to double-check your profileand maybe swap out a few photos while youre at it.


Category: E-Commerce

 

2025-04-14 17:00:00| Fast Company

Attention! There is now just one day left until the deadline for this year’s tax filing. And the Internal Revenue Service (IRS) has already reminded taxpayers to “act now” to pay whatever they owe on their 2024 taxes, or request an extension, before April 15. Fewer Americans have filed their federal taxes, and more have requested extensions, compared with the same period last year, according to CNN, which reviewed the IRS data. According to those numbers, as of March 21, the IRS had received nearly one million fewer tax returns, or 1.1% less, than it received in the same point in the filing cycle last year. While experts told CNN this was not a reason for concern, and that in fact, previous years also showed declines over the same period, there is a lot that’s different about this year’s tax season. It comes amid massive IRS staff cuts (with more likely on the way) due to interference from Elon Musks Department of Government Efficiency (DOGE); and internal conflicts inside the agency, underscored by the recent resignation of the acting IRS chair, stemming from DOGE’s attempts to access millions of taxpayers’ personal and financial data, including that of undocumented immigrants. Tax experts told Kiplinger they have noticed a host of problems this tax season, including delays, a lack of customer service, and audit errors. In addition, DOGE’s mandatory return-to-work policy appears to be wreaking havoc at the agency, resulting in staffers having to work out of cafeterias and conference rooms due to a lack of space, as they navigate hallways littered with boxes of paperwork, according to Business Insider, which spoke with eight IRS employees. IRS: ‘There is still time to file electronically” The agency said there is still time to file federal income tax returns electronically to receive a refund via direct deposit. Filing electronically is usually the fastest way to receive tax refunds. “Filing electronically reduces tax return errors as tax software does the calculations, flags common errors and prompts taxpayers for missing information,” the IRS said in a statement. “Most taxpayers qualify for electronic filing at no cost and, when they choose direct deposit, usually receive their refund within 21 days.” Free electronic tax filing options Taxpayers with an adjusted gross income of $84,000 or less in 2024 can use IRS Free File, the IRS’s own electronic filing software, from now until October 15. Meanwhile, the IRS’s Direct File is available to eligible taxpayers in 25 states to file their 2024 federal tax returns online directly with the IRS. Go to the Direct File website for more information about Direct File eligibility and the 25 participating states.


Category: E-Commerce

 

2025-04-14 16:00:00| Fast Company

Lawrence Cappello is an award-winning professor of U.S. legal & constitutional history at the University of Alabama and a graduate of New York City Public Schools. He is the author of None of Your Damn Business: Privacy in the United States from the Gilded Age to the Digital Age (University of Chicago Press) and a certified information privacy professional (CIPP/US & CIPM). His work on the right to privacy has appeared in The Wall Street Journal, The Atlantic, The Economist, The Hill, and other media outlets. Whats the big idea? In an age of constant connectivity, privacy can feel like a thing of the pastbut award-winning professor Lawrence Cappello makes a compelling case for why it still matters. With 20 sharp, practical lessons, On Privacy explores how privacy protects free societies, enhances personal well-being, and is worth defending. Designed for those who want to stay connected without sacrificing their personal space, it offers clear, actionable steps to safeguard privacy in everyday life. Concise, practical, and no-nonsense, On Privacy is a must-read guide to reclaiming control in the digital age. Below, Lawrence shares five key insights from his new book, On Privacy: Twenty Lessons to Live By. Listen to the audio versionread by Lawrence himselfin the Next Big Idea App. 1. Why privacy matters. There are parts of your life that are simply nobody elses business. Thats not paranoiathats just being human. It doesnt matter if youre liberal or conservative, rich or pooreveryone, on a fundamental level, has a desire to keep certain aspects of their life private. Privacy is essential for human dignity. Privacy acts as a shield against people who would take snippets of information out of context to attack our reputations or manipulate us for their own personal benefit. And in the internet age, this is happening a lot more often. Privacy also creates space for intimacy. We share our secrets with the people we love and trust. Its a crucial building block for establishing the trust needed to forge and maintain deep bonds with our friends and loved ones. For many of us, these bonds are the very best part of being alive. And it keeps us from being prisoners of our recorded past. A mistake you made at 16 shouldnt define you at 40. But without privacy, our worst moments follow us forever. It also protects our mental health. Everyone needs time alone to think, to recharge, to just be. Without privacy, we never get a break from the noise Most importantly, privacy is a precondition for freedom. Tyrants invade privacy to accumulate power, suppress dissent, and control their citizens. If a society calls itself free, it must protect privacybecause without it, freedom is just an illusion. 2. How to respond when someone says: If youre not doing anything wrong, you should have nothing to hide. Youve heard it before: If youre not doing anything wrong, you have nothing to hide. That argument sounds reasonableuntil you think about it for more than five seconds. People have been throwing this line around since the time of the Caesars, and it was just as stupid then as it is now. When you look at it closely, you realize this argument is just another way of saying that all secrets are bad. That privacy is only for criminals or people doing something sinful. But thats nonsense. Secrets arent sinful. We all have secrets, and theyre not just normaltheyre essential. The secrets between romantic partners or close friends build trust and intimacy. The secrets between doctors and patients create a space where people can be honest about their health and their fears. The secrets between business associates protect innovation and keep creative ideas from being stolen. Secrets arent sinful. And really, how interesting can you really be if you dont have any secrets? The problem is that all of our personal information today exists in snippets. And when taken out of context, these snippets can be twisted, misinterpreted, or weaponized against us. In the Internet Age, this happens constantly. People make snap judgments. Bad actors manipulate narratives. Reputation-damaging leaks happen in seconds. So, no, its not about hiding anything. Its about controlling how were seen and making sure our private lives arent distorted or exploited by people who dont have our best interests at heart. 3. Three quick ways you can protect your privacy right now. Cover your webcam. It sounds paranoiduntil you realize that hackers can and do hijack webcams all the time. A simple slide cover or even a piece of tape blocks prying eyes. They cost about three dollars. Think about some of the more intimate things you do in front of your laptop. Now, think about the things your kids, your partner, or your loved ones might also do. Do you want a stranger in a position to record that? I dont know one person who works in tech that doesnt have a slide over their laptopand you should, too. Use old-school passcodes for your phone, not FaceID or fingerprints. A six-digit passcode for your phone might feel old-school, but its still one of the most effective ways to keep your data locked down. Biometric security like FaceID and fingerprints may feel futuristic, but theyre getting easier to hack. Nobody can hack your brain. You can be forced, legally or physically, to unlock your phone with your face or fingerprint. Its way harder to make you spit out your passcode. Open your phone and check your app permissions. Right now, theres a good chance some app on your phone has access to your microphone or camera, even if it doesnt need it. Some apps default to always listening, always tracking. Take two minutes to check your settings and shut off unnecessary access. Youll be shocked at whats running in the background. None of these are drastic steps. Theyre low effort, high reward ways to instantly boost your privacy. 4. If you want change, make privacy profitable. In America, money talks. We need to show companies that they can get rich by protecting privacy. The good news is that this is already happening. Have you seen an Apple commercial in the last couple of years? They built a whole ad campaign around the slogan PRIVACYTHATS IPHONE. Google, as well, runs ads for privacy all the time. Have you been on a subway or bus in a major metro area lately? Clever ads for VPNs are everywhere. Did you know that the fastest-growing company in America in 2020 was a firm that helps businesses build privacy plans? Privacy is now a commodity, and the market is responding. Privacy-first productsVPNs, encrypted messaging apps,password managersare booming. Did you know that the fastest-growing company in America in 2020 was a firm that helps businesses build privacy plans? Why? Because consumers are demanding it. So many privacy invasions revolve around money. If we want real, lasting change, we need to make privacy profitable. That means spending money on privacy-first products and calling out companies that exploit data, because bad press affects the bottom line. If you want companies to care about privacy, make it worth their while. If youre betting on Congress to fix this, youll be waiting quite a while. 5. Privacy isnt dead. People say all the time that privacy is deadand to those people, I say go hand your unlocked phone to a stranger for five minutes and try not to have a panic attack. If privacy were truly dead, cybersecurity wouldnt be a trillion-dollar industry. Companies spend fortunes protecting their data. Governments guard their secrets. Even the people who claim they dont care about privacy still use passcodes, delete messages, and think twice before posting certain things online. Ive never met anybody who wants their text messages exposed to the public. Or their emails. Or their search history. The truth of it is that we have way less privacy than we used to, and people are exhausted. Theyve been told privacy is dead for so long that they no longer know what to fight for. Ive never met anybody who wants their text messages exposed to the public. So, lets get real about it. Instead of making privacy some impossible, all-or-nothing battle, we need to cut through the noise and focus on what kinds of privacy actually matter to peoplewhat they instinctively protect in their daily lives. And because this issue has become so tangled, the last thing we need is academic jargon or overcomplication (and I say this as a professor). What people need are clear, practical solutions. The first step to protecting privacy is being able to explain why it matters in a way anyone can understand. Thats what this very short book isa practical guide, written in plain-spoken language, that cuts through the complexity. So, if youve ever felt overwhelmed by privacy debates or know someone who has, On Privacy was written with you in mind. Lets start having smarter, saner conversations about privacybecause its not dead. Privacy matters. And it is worth protecting. This article originally appeared in Next Big Idea Club magazine and is reprinted with permission.


Category: E-Commerce

 

2025-04-14 15:51:00| Fast Company

It’s fair to assume that most of us can relate to the famous saying, in this world, nothing is certain except death and taxes.” This is just the second half of one of Benjamin Franklins last great nuggets of wisdom, but more on that to come. As Franklin would likely have reminded you, Tuesday, April 15, 2025, is the last day to file your federal income taxes for 2024.  With everything going on at Elon Musks so-called Department of Government Efficiency (DOGE), including reported layoffs at the Internal Revenue Service (IRS), it might be tempting to try and fly under the radar this year and not file your taxes, hoping to dodge an audit. However, even with all the cuts in government jobs, this life decision will have consequences.  Heres a deeper look at Franklins words, an overview on potential IRS job cuts, and what could happen if you dont file by the April 15 deadline. Some of Benjamin Franklins last words What the average Joe might not know is that Franklin’s proverb was first penned in November 1789 in a letter to French scientist Jean-Baptiste Le Roy, according to the National Constitution Center. It became public knowledge in 1817 when it was translated from French and printed as part of a larger collection of Franklins private correspondence. The reason for the letter was twofold. Franklin wanted to check up on his old friend because he hadnt heard from him since the start of the French Revolution. He also updated Le Roy on America’s beginnings. The full quote reveals Franklins cautious optimism for the new country he helped create. Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes, he wrote. He went on to discuss his own well-being. My health continues much as it has been for some time, except that I grow thinner and weaker so that I cannot expect to hold out much longer. Franklins words turned out to be a self-fulfilling prophecy of sorts as he died just five months later on April 17, 1790, in Philadelphia. How DOGE cuts will affect the IRS Since Franklin valued the checks and balances found in the constitution and spoke out against authoritarianism, it is fair to say that he might have concerns about some of the Trump administrations actions.  Its likely he would have agreed with Theodore Chuang, a U.S. District Court judge for the District of Maryland, who claims that Musks leadership position is unconstitutional, as Inc. reported. According to Chuang, Musks position violates Article II, Section 2 of the constitution, otherwise known as the appointments clause, because he has not been properly appointed by the president and approved by the Senate. For now, Trump and Musk plan to continue their cuts.  In March, CNN reported on a leaked email from DOGE that called for a 20% reduction of the IRS, which would put 18,200 individuals out of a job. According to the nonpartisan Budget Lab at Yale University, although this would save $1.4 billion in 2026, it would ultimately cost the federal government $6.8 billion in lost tax revenue. If there are fewer people to collect taxes, fewer people pay. So what if I don’t file my 2024 taxes? Just because the IRS is laying off workers, that doesnt mean you should blow off your taxes. They help fund everything from roads to education to defense of our country. If you miss the April 15 deadline and you owe, you could be slapped with interest and fees. The amount would depend on just how late you are and how much you owe. The IRS has a breakdown of failure-to-pay penalties on its website. If you owe the federal government money, the failure-to-file penalty is around 5% of the unpaid taxes due each month until you hit the 25% maximum. After 60 days, you will be charged $485, or 100% of the tax due, whichever figure is less. If you dont pay on time, there is an additional penalty of 0.5% of the unpaid taxes for each month. You are able to appeal penalties if you can prove that you missed the deadline due to a reasonable cause. These include serious illness, natural disasters, death in the family, and more. Typically, the IRS does not accept an incompetent tax professional or absence of funds excuses. I don’t owe any taxes. Do I still have to file? If you are due a refund but have not filed your taxes, you wont face penalty fees. However, you also wont receive your refund if you dont file within three years. For context, the ultimate deadline to file for 2024 tax refunds is April 15, 2028. If you dont file by then, Uncle Sam will keep your money. How do I avoid fees and interest? If you havent filed your taxes yet, you have until April 15 to file an extension. Use Form 4868 to give yourself the gift of more time. Its important to note, though, that even with this extension, you still need to pay your estimated taxes to prevent pesky penalties and inconvenient interest charges.


Category: E-Commerce

 

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