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...your car's fuel tank. Oil's various refined products, such as gasoline, kerosene and diesel, have different boiling points. The lighter the chemical composition of the desired product, the lower the temperature needed to separate it from the crude. It's not cheap; refining costs account for nearly 19% of the price of gas sold in Britain. Today's refineries are so efficient that they can extract 44.6 gallons of refined petroleum products from a 42-gallon bbl. of crude. That's good, but not good enough, especially not after Katrina knocked out 10% of U.S. refining capacity. Sixty...

Author: /time Magazine | Title: Refining the Problem | 9/18/2005 | See Source »

...Minh--a movement whose primary goal is perhaps even more improbable than the U.S. dream of creating an Iraqi democracy: restoring Sunni control in a country where Sunnis represent just 20% of the population. Intelligence experts can't credibly estimate the rebels' numbers but say most are Iraqis. Foreigners account for perhaps 2% of the suspected guerrillas who have been captured or killed, although they represent the vast majority of suicide bombers. ("They are ordnance," a U.S. intelligence official says.) The level of violence has been growing steadily. There have been roughly 80 attacks a day in recent weeks. Suicide...

Author: /time Magazine | Title: Saddam's Revenge | 9/18/2005 | See Source »

...almost every account, Sanchez and Bremer did not get along. The conflict was predictable--the soldiers tended to be realists fighting a nasty war; the civilians, idealists trying to create a new Iraq--but it was troubling nonetheless. The soldiers wanted to try diplomacy and began reaching out to the less extreme elements of the insurgency to bring them into negotiations over Iraq's political future. The diplomats took a harder line, refusing to negotiate with the enemy...

Author: /time Magazine | Title: Saddam's Revenge | 9/18/2005 | See Source »

...redefined the product to appeal to a younger crowd. With teenage girls in mind, he and creative director Christophe Lemaire introduced the Lacoste stretch piqué polo, a Lycra-cotton shirt with a sexier, sleeker fit, in 25 vibrant shades. It's Lacoste's best-selling item for women; polos account for 30% of sales in both the men's and women's lines. "The piqué tight polos were the natural look to be paired with low-rise jeans," says Siegel. "They just took...

Author: /time Magazine | Title: Brands: Lacoste's Riposte | 9/18/2005 | See Source »

...Bankruptcy, of course, is not the end, especially if you?re in the business of air travel. Two carriers flying today, Continental and America West, actually recovered. But the rise of the low-cost carriers, who now account for a quarter of all passengers in the air, up from less than 10 percent in the late 1990s, means that the big name carriers don?t dominate as much as they used to, which could be one reason Washington is resisting a bailout like the billions of dollars given to airlines since 9/11...

Author: /time Magazine | Title: Airline Bankruptcies and You | 9/15/2005 | See Source »

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