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The oil-futures market is tiny compared with the physical oil market: less than 3% of the world's oil consumption over the next year is accounted for in the open interest - the contracts currently being traded - at the New York Mercantile Exchange (NYMEX). To put it in perspective, Saudi...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

To rid Israel of the majority of the nearly one million Arabs living within its borders, Leiberman suggests returning the heavily Arab-populated areas in Israel to the Palestinian authorities in exchange for Israeli settlements in the West Bank, where he himself lives. This way, Israel can simply rid itself...

Author: By James K. Mcauley | Title: Dear Israel, Listen to France | 7/10/2009 | See Source »

Before the April legislative election in which S.B.Y.'s Democratic Party proved its burgeoning popularity by tripling its showing from the last polls, I walked the streets of Yogyakarta in central Java, marveling at the colorful profusion of campaign posters: the red-and-white star motif of the Democrats, the...

Author: /time Magazine | Title: Indonesia Elections: A Win For Democracy | 7/8/2009 | See Source »

Reilly and Herrgesell acknowledge that the site is still in its early stages and will need refinement. Over the next two years, they're hoping to get at least 1 million members and establish the site as a clearinghouse for information on energy efficiency. The future of cap and trade...

Author: /time Magazine | Title: Getting Your Slice of the Cap-and-Trade Pie | 7/7/2009 | See Source »

“How can you lead the G8? Where is your credibility?” the former lead singer of the Boomtown Rats asked Berlusconi in a face-to-face exchange published in Sunday’s edition of Italian newspaper La Stampa (the issue was co-edited by...

Author: By Sofia E. Groopman | Title: Berlusconi’s Hubris | 7/7/2009 | See Source »

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