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...failure for Baghdad. Just one bid succeeded: it was submitted by a partnership between Britain's BP and China National Petroleum Corp. (CNPC) for production rights to southern Iraq's giant Rumaila field. Other companies abandoned the process after Iraqi officials refused to pay more than $2 for each barrel produced above a certain threshold. (Instead of leasing the fields to operators and receiving royalties for every barrel of oil sold, Iraq is retaining ownership of production. In essence, the government is employing oil companies to develop the fields, paying them by the barrel...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

When the lease ended on January 25 of this year, Crate and Barrel closed its Brattle Street location permanently, and tourists and Cantabrigians alike were faced with a potentially permanent five-story concrete eyesore...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: New Exhibit Celebrates Retro Designs | 12/2/2009 | See Source »

Harvard professor emeritus William J. Poorvu bought the building in 1978 and leased it to Crate and Barrel for 30 years...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: New Exhibit Celebrates Retro Designs | 12/2/2009 | See Source »

...retrospective runs through April 2010. Meanwhile, Poorvu is still seeking a permanent tenant. Sensitive to the original design concepts and ambitions espoused by the Thompsons and D/R, Poorvu has had difficulty finding an appropriate occupant to replace Crate and Barrel...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: New Exhibit Celebrates Retro Designs | 12/2/2009 | See Source »

...Nomblot Egg's porous clay-cement walls offer a third way, allowing for natural oxygenation without oakiness. But the tank's most surprising benefit may well lie in its shape. Creator Nomblot explains: "All fluids rise when temperature increases, and do so in a vortex, but in a barrel or other container, the vortex is slowed by the angles," he says. Within the angle-free Egg, however, "the vortex turns naturally for weeks, which raises the lees, and nourishes the wine." It also eliminates the need for stirring, which is a common source of contamination from brettanomyces - yeast that leads...

Author: /time Magazine | Title: New Wine In Old Vessels | 12/2/2009 | See Source »

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