Suppose I have a rocket thats exerts a force (with negligible loses in mass), which cancels out the downward force of gravity. Clearly my rocket could be moving at a constant velocity (ignore air resistance) or not at all. Nothing seems fishy yet, but what about this: Clearly, no work is being done, but energy is still being expended to keep the rocket in place. So how can the energy expended be found (please no answers of the form: bond enthalpies of fuel etc., I am sure there is an explanation for this in Newtonian kinematics/energetics)?
Because if we try to use the formula $\mathrm{Work} = F \cdot d$, then $d$ could be zero or anything at all, which doesn't tell us anything useful. Another similar scenario would be that of two rocket exerting forces in opposite directions, clearly energy is being expended but no work so what to do?