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Russia's vast reserves of oil and gas stand it in good stead at a time of high oil prices and growing international concern about future energy supplies. In 2006, Putin made use of them to bolster Russia's position in the world to the strongest it has been since the cold war ended more than 15 years ago. "He's using the advantage of high oil prices to make Russia count," says Margot Light, a Russia expert at the London School of Economics...

Author: /time Magazine | Title: Vladimir Putin: Turning Energy Into Power | 12/17/2006 | See Source »

...those energy resources, combined with his continuing crackdown on free speech and civil society in Russia itself, have provoked some dismay and led many observers at home and abroad to wonder in what direction he is taking his country. In January, the Kremlin briefly cut off gas supplies to neighboring Ukraine, ostensibly because of a dispute over prices. Ukraine saw the move as an attack on its pro-Western leader, President Viktor Yushchenko. That sent a chill through Europe and brought a public rebuke from U.S. Vice President Dick Cheney. In December, Russia threatened to cut gas to two other...

Author: /time Magazine | Title: Vladimir Putin: Turning Energy Into Power | 12/17/2006 | See Source »

...story is told by one of four protagonists who live in the Russian wilderness. A Chechnya vet, he is now a sniper guard for the local nuclear plant. His job is to shoot first. His friends Hotdog and Pepsi, parking-lot attendants, make their living stealing gas from cars. Natasha has slept with two of the three and now runs an international Internet mail-order bride service called Amour Transit, patronized by the fsb (former kgb) and foreign-intelligence services. It's an empty existence of anger and boredom punctuated only by what's on television that night. "Those...

Author: /time Magazine | Title: Two for the Road | 12/17/2006 | See Source »

...doubt the science of global warming by likening them to "people who believe that the moon landing was staged in a movie lot in Arizona." I believe the earth is warming, but Gore is unfair. Almost everyone ignores the fact that water vapor is the greatest contributor to greenhouse-gas warming. Maybe if Gore would recognize that we cannot control global warming as much as we think, we could set aside such a relatively unimportant issue and move the crucial crises, such as genocide and starvation, to the top of the political agenda. DONNIE BOYCE Lake Forest...

Author: /time Magazine | Title: Letters: Dec. 25, 2006 | 12/17/2006 | See Source »

...almost triple the volume of the previous year. And this new prominence on the international stage is winning plaudits back home. "Lakshmi Mittal has done an extraordinarily good job for us," says Venugopal Dhoot, chairman of Videocon, whose businesses run from consumer electronics such as televisions to oil and gas production. "The world had questions about the ability of Indians running a global company. He's shown them...

Author: /time Magazine | Title: A Man Of Mettle | 12/16/2006 | See Source »

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