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...environmentalists, that's the risk. Oil has spiked in the past, prompting a wave of investment in alternative energy that crashed as soon as petroleum prices dropped. Transitioning from fossil fuels to clean power will be a long, fraught process, and investors - whether they're pushing ethanol, hybrids or something new - need long-term certainty that they won't be undercut by old, dirty fuels dipping down to cheaper prices again. "That risk [of volatility] makes consumers and investors alike very reluctant to bank on high prices," says Greene. It doesn't make sense to spend hundreds of millions...

Author: /time Magazine | Title: The Green Upside to $100-a-Barrel Oil | 1/2/2008 | See Source »

That means even though high-cost oil seems here to stay, governments still need to act to send long-term signals to alternative energy investors. Price matters less than certainty, knowledge that an outlay in clean power will still be worthwhile 5, 10 or 15 years down the road. That could take the form of a carbon tax that sets a floor on oil prices, a cap-and-trade system that could do virtually the same thing or mandated standards that require the use of less carbon-intensive fuels. (California attempted to go the last route, mandating steep reductions...

Author: /time Magazine | Title: The Green Upside to $100-a-Barrel Oil | 1/2/2008 | See Source »

...Scary Living Green Re Lisa Takeuchi Cullen's "It's Inconvenient Being Green" [Dec. 3]: Ever since I visited Asia 25 years ago, I've known how to go without toilet paper - and have never been so clean! As long as we have soap and water, we can emerge cleaner than ever. So, Lisa, help save a tree! Roberto Lamoureux, SURIGAO DEL NORTE, THE PHILIPPINES...

Author: /time Magazine | Title: U.S. Intelligence on Iran | 1/2/2008 | See Source »

Consumer India also is not bound by time - with modern technology and consumerism meshing with deep-rooted traditions, the country lives simultaneously in many centuries. Bijapurkar points out that there are no clean breaks from the past in India. Indian consumers want "this as well as that," she says; the traditional sari still rules, but the neighborhood tailor can make you a blouse to go with it that is entirely western in style and cut. There is no single set of values to be catered to. Half a dozen shops and hawkers' stalls sell all sorts of women's underwear...

Author: /time Magazine | Title: A Microcosm of How India Shops | 1/2/2008 | See Source »

...capital, authorities had already hosed down the streets. Pools of blood, along with possible evidence such as bullet casings, DNA samples from the bomber and tracks had been washed away. Retired Lieutenant General Hamid Gul, the former director general of Pakistani Intelligence, said he was shocked to see people cleaning up the debris so soon after the assassination. "It's a crime scene, and they're washing away all the evidence! We need to be asking why the hell was this thing done." One of the few pieces of evidence from the crime scene that remains is amateur footage showing...

Author: /time Magazine | Title: Missing Evidence from Bhutto's Murder | 12/31/2007 | See Source »

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