Marketplace for Friday, March 15, 2013
President Obama today is unveiling a new energy policy. The White House was loudly criticized during the president's first term for its management of federal money to help jumpstart alternative energy, including the money that helped back Solyndra, the failed solar company. Now, the surge in oil and natural gas production in the U.S. offers real economic opportunities. One of those opportunities is money the government can collect when it leases land to energy companies. So how much are federal lease receipts growing and what are the opportunity costs of diverting or not diverting them to an alternative-fuel fund? Plus, Angry Birds started as an addictive app game. With the launch of a TV show this weekend, and licensing deals for clothes, the Finnish-created game aims to be a media and marketing juggernaut.