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...cheap oil has been got out," says David Wyss, chief economist at Standard & Poor's. Energy experts obsess over whether we've reached "Hubbert's peak," the point at which oil reserves are 50% depleted. That's because the remaining 50% gets increasingly harder and more expensive to extract. At some point in the next decade or so--estimates range from 15 to 25 years--the world's oil production will peak. Yet demand for oil will continue to rise, increasing 50% over the next 50 years...

Author: /time Magazine | Title: Why Gas Won't Get Cheaper | 5/2/2005 | See Source »

...risk involved" and prodded him for better secrets. Arthur supplied two more documents. One was a "damage-control book" for the U.S.S. Blue Ridge. It outlined procedures to follow whenever a part of the ship sprung a leak, developed a fire or otherwise broke down. The other was an extract of "casualty reports," detailing equipment problems experienced by a class of amphibious assault ships. Arthur's lawyers argued that the documents carried the lowest security classification, "confidential," and were of little value to the enemy. But Captain Edward Sheafer Jr., a senior intelligence officer in the U.S. Atlantic Command, identified...

Author: /time Magazine | Title: A Spy Ring Goes to Court | 4/18/2005 | See Source »

There are subtler problems: How does the Continent retain the glory of its history and avoid functioning merely as America's antique shop? How should Europe and the U.S. deal with each other? "Can we never extract this tapeworm of Europe from the brain of our countrymen?" asked Ralph Waldo Emerson in 1860. World War II performed the extraction. The U.S., a child of Europe, became an uncomfortable parent, uncomfortable in part because it is often right...

Author: /time Magazine | Title: After the Nightmare | 4/12/2005 | See Source »

Once on Mars, crew members could extract the traces of water that still exist in the atmosphere; the water could even be broken into its constituent oxygen (for breathing) and hydrogen (for fuel). Given the planet's abundant supply of carbon dioxide, greenhouse gardening should be possible during subsequent, longer stays...

Author: /time Magazine | Title: Science: Humans to Mars? Why Not? | 4/12/2005 | See Source »

...equality by cultural, religious and social tradition. Despite laws to the contrary, for example, female circumcision and wife beating are commonly practiced in the Third World. In India, which banned dowry systems in 1961, just last year thousands of cases were reported of husbands torturing their wives to extract dowry payments or even murdering them to marry other women. "I saw the body of a girl who had been bound, sprinkled with oil and then burned" by her husband, said NGO Delegate Ranjana Kumari, a political scientist at the Center for Social Research in New Delhi. "Unless...

Author: /time Magazine | Title: Conferences: The Triumphant Spirit of Nairobi | 4/12/2005 | See Source »

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