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...Russia's relations with Europe have become increasingly fractious as it flexes its new clout owing to rising prices for its vast stores of natural resources. It now supplies around a quarter of Europe's natural gas and a rising proportion of its oil. Human rights, however, are in shorter supply. Earlier this month, German Chancellor Angela Merkel chided Putin for restrictions on opposition rallies during an E.U.-Russia summit. Putin's response: "What is pure democracy? It is a question of ... whether you want to see the glass half-full or half-empty." While Litvinenko's murder remains unsolved...

Author: /time Magazine | Title: Tangling Over a Russian Spy's Murder | 5/22/2007 | See Source »

...hockey--sharp and concentrated in handling passes--and he scores, says the associate. Medvedev also hits as hard as the Kremlin wants. One such hit shook Sakhalin Energy (SE), operator of the Shell-led Sakhalin II consortium. At $20 billion, it is the world's largest integrated oil-and-gas-export project, with total reserves of some 4 billion bbl. of oil equivalent (BOE) and total project capacity of 395,000 BOE per day, including 9.6 million tons per year of liquefied-natural-gas production. It is also the largest single foreign investment in Russia. When Sakhalin II's operators...

Author: /time Magazine | Title: Heavy Hitter | 5/17/2007 | See Source »

...April 9 story on global warming, we said public transit in the U.S. saves an estimated 1.4 billion gal. of gas annually, which translates into about 1.5 million tons of CO2. In fact, that amount of gas translates to about 14 million tons...

Author: /time Magazine | Title: Inbox: May 28, 2007 | 5/17/2007 | See Source »

...Iran disinvestment campaign is being marshaled by, among other groups, the conservative American Enterprise Institute, an influential Washington think tank whose experts laid much of the ideological groundwork for the U.S. invasion of Iraq. The AEI has identified dozens of energy companies active in Iran's oil and gas fields and has also pointed a finger at such engineering, transportation and communications giants such as Siemens, Daimler-Chrysler and Volkswagen of Germany, Renault and Peugeot Citroen of France, and Ericsson and Volvo of Sweden...

Author: /time Magazine | Title: Campaign Pushes for Iran Divestment | 5/17/2007 | See Source »

...Last month State Department officials lodged a futile protest after Austrian energy company OMV announced an $18 billion deal to exploit Iran's South Pars gas field. "The Americans may refuse to invest in Iran's oil industry," Austria's Foreign Minister Ursula Plassnik told the Austrian Die Presse newspaper. "But Austria is not bound...

Author: /time Magazine | Title: Campaign Pushes for Iran Divestment | 5/17/2007 | See Source »

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