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...miles from the Louisiana coast, but if McCain had listened hard, he could have heard environmentalists and Democrats grinding their teeth in opposition. As McCain repeats his drilling mantra, critics point out that there is far too little untapped oil in American waters to make a significant difference in gas prices, especially considering the vast and growing global demand for petrol. Besides, "drilling now," as McCain says, won't yield results for years, and offshore exploration still has serious environmental risks. (That last point was underscored by the timing of McCain's visit - his rig trip was delayed because...

Author: /time Magazine | Title: Putting US Energy in the Wrong Place | 8/20/2008 | See Source »

...Yugoslav naval base at Tivat on the coast of Montenegro is a derelict place. Colossal jetties stretch out from an abandoned work yard piled with crumbling concrete, twisted metal rods and broken glass. In one corner, a Cold War-era submarine, its giant propeller exposed to the summer winds, is being slowly dismantled by a local crew in flip-flops. The berths are fouled with paint chips and rusted metal, and until a recent scavenging operation, explosives lay on the seabed...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...domination, deserves international support that goes beyond simple declarations of sympathy. Then there are questions of geostrategy. An independent Georgia is critical to the international flow of oil. A pipeline for crude oil now runs from Baku in Azerbaijan, on the Caspian Sea, through Georgia to the Turkish Mediterranean coast. The link provides the West access to the energy resources of central Asia. If that access is cut, the Western world will lose an important opportunity to diversify its sources of energy...

Author: /time Magazine | Title: Staring Down the Russians | 8/14/2008 | See Source »

...attend presidential inaugurations in Paraguay and the Dominican Republic. And unlike Chen, whose 2001 trip to Latin America included controversial transit stops in New York City and Houston, Ma will try to avoid antagonizing Beijing by slipping through the U.S. as quietly as possible, changing planes on the west coast and not attending public events. "We are keeping this simple and low-key," says Henry Chen, a spokesman for Taiwan's Ministry of Foreign Affairs...

Author: /time Magazine | Title: Taiwan's Leader Keeps Low Profile Abroad | 8/11/2008 | See Source »

...Georgian forces inside South Ossetia and bombing cities inside Georgia proper. Meanwhile, separatist forces in Abkhazia, another Moscow-backed separatist Georgian province, opened a second front against Georgian forces, while Russia's Back Sea Fleet sailed from its base in Ukraine to impose a naval blockade along Georgia's coast...

Author: /time Magazine | Title: Moscow's Dangerous Game in Georgia | 8/10/2008 | See Source »

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