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...families. Schwartz is sweeping, but he's not always generous with the detail. Even if you knew with certainty that a "Long Boom" was in the cards, you could still get hurt by the short busts between now and then. Equally frustrating, he throws up all manner of potential fuel sources for the automobile of 2015 - anyone for electric, hydrogen cells or natural-gas turbines? - without picking a likely winner. "Whatever the ultimate fuel source becomes," he writes, "we can be certain that it will be green." Well, thanks. That's about as useful as the horoscope that says...

Author: /time Magazine | Title: The Future Market | 8/3/2003 | See Source »

Over the past two weeks, U.S. and South Korean officials have released fresh evidence that North Korea is advancing its program to build miniaturized nuclear weapons. Pyongyang claims to have converted enough plutonium from spent nuclear fuel rods for at least five or six bombs. The U.S. and South Korea say the North has conducted recent tests to perfect high-explosive detonators used to trigger a nuclear explosion. Ongoing work at the North's nuclear plant at Yongbyon is well known. But over the weekend, the New York Times reported that American and Asian officials say there is strong evidence...

Author: /time Magazine | Title: The Next WMD Crisis | 7/28/2003 | See Source »

...crisis. The U.S. consumed 19.8 million bbl. a day of petroleum products last year, but its refineries could process only 16.6 million bbl. of crude oil. The 3.2 million barrel difference was made up through imports of finished products like gasoline and jet fuel, which are even more susceptible to supply disruptions than crude oil. Following the energy debacles of the 1970s, the industry began adding refinery capacity. By 1980, it could process all the crude oil required to meet demand, but that lasted only until 1985. The gap has been widening ever since...

Author: /time Magazine | Title: The U.S. is Running Out of Energy. | 7/21/2003 | See Source »

During the 1980s, as it became clear gasoline conservation was working, aided by a nasty recession, one energy forecast after another anticipated ever better mileage. The American Petroleum Institute, swept up by auto-industry fervor, announced in September 1981 that "forecasts of fuel efficiency for new cars now exceed those mandates (27.5 m.p.g.), suggesting an industry-fleet average of 30 m.p.g. by 1985." Not exactly: this year the average is still 27.5 m.p.g. for vehicles officially labeled as passenger cars, but for the entire fleet of vehicles, including SUVs and trucks, it is much worse. The best overall fuel economy...

Author: /time Magazine | Title: The U.S. is Running Out of Energy. | 7/21/2003 | See Source »

...Islamic or Hindu missionaries came to the U.S. with the intention of converting impoverished Christians, the reaction of Americans would be similar to that of people in Islamic and Hindu countries. Missionaries who aim to convert Muslims only provide more reasons to dislike America. The proselytizers add fuel to the idea that America is against Islam or any religion other than Christianity. If the U.S. wants to end terrorism, it must make friends, not enemies. Not only does the attempt to convert weaken America's relations with other countries, but it is wrong. Conversion ends diversity, something beautiful that ought...

Author: /time Magazine | Title: Letters: Jul. 21, 2003 | 7/21/2003 | See Source »

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