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That will take money, but thanks to record oil prices, money is one thing Abu Dhabi does not lack. At the summit's opening conference, Abu Dhabi's Crown Prince Sheikh Mohammad bin Zayed Al Nahaya announced that the government would channel an additional $15 billion to the Masdar Initiative. Although the money comes with no time frame, and officials wouldn't say exactly where the funding will go, Masdar also announced that it would join Rio Tinto and British Petroleum to build the world's first hydrogen power plant, a 500-megawatt operation that would cost at least...

Author: /time Magazine | Title: An Oil Giant's Green Dream | 1/21/2008 | See Source »

...recent Colbert Report, Huckabee riffed to Stephen Colbert on Senator John McCain's vow to pursue Osama bin Laden "to the gates of hell." "I will charge hell with a water pistol if necessary," Huckabee deadpanned, as if to one-up McCain. How about outsourcing jobs? "As long as it isn't mine." Then Colbert asked if he believed that evolution was a farce. "It's all a farce," Huckabee said, in his usual dry tone. Ha ha! How droll! Except ... um ... he doesn't believe in evolution...

Author: /time Magazine | Title: Jesus Christ's Superstar | 1/17/2008 | See Source »

After all, this wasn't the first time Bush had jumped to a wrong conclusion in the Middle East. Now his coalition of the willing is dwindling, oil prices are soaring, and the Arab street is angrier than ever. Bush's approval ratings are lower than Osama bin Laden's in Saudi Arabia...

Author: /time Magazine | Title: Strange Peace | 1/17/2008 | See Source »

...Saudi Arabia and other gulf states. Such a strategy is rooted in the cold war mantra that even if a regime was a "son of a bitch," it should be supported as long as it was "our son of a bitch." It doesn't work. Washington supported both Osama bin Laden and Saddam in the 1980s on precisely this logic, but after 9/11, Bush himself acknowledged that coddling the enemies of our enemies had not made them friends; instead it had helped sow more extremism. And today Arab governments can no longer be bought by a single bidder. Avoiding...

Author: /time Magazine | Title: Rethinking Iran | 1/17/2008 | See Source »

...Bush received his warmest welcome in Saudi Arabia, where King Abdullah bin Abdulaziz al-Saud accorded him an honor reserved for special friends by inviting him to his horse farm outside Riyadh. But the Saudis didn't hesitate when it came to publicly disagreeing with Bush's views on various Middle East matters. Foreign Minister Prince Saud al-Faisal, standing beside Secretary of State Condeleezza Rice, pointedly declined to endorse her call for more Arab gestures toward Israel or her relatively rosy assessment of political reconciliation in Iraq. After Bush jawboned the Saudis about increasing oil production to bring down...

Author: /time Magazine | Title: Bad Reviews for Bush in the Mideast | 1/16/2008 | See Source »

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