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...decades, almost all public-policy planners, aided by most oil experts, assumed that the Middle East had vast quantities of proven oil reserves that could be extracted at extremely low cost, thereby enabling oil demand to grow to almost any level. Anchoring that belief is a hope that Saudi Arabia's oil production can increase from around 9 million bbl. a day in 2005 to 25 million or even 30 million bbl. a day by sometime between...

Author: /time Magazine | Title: Energy: The Real Oil Shock | 11/14/2007 | See Source »

After spending more than two years researching my book Twilight in the Desert, I am convinced that it is highly improbable that Middle Eastern oil--and particularly Saudi Arabian oil--can grow to those far higher levels. Instead there is a risk that Saudi Arabia's oil output and the rest of the Middle East's oil supply may start to decline...

Author: /time Magazine | Title: Energy: The Real Oil Shock | 11/14/2007 | See Source »

...work in the same office building to communicate. That was a necessity 20 to 40 years ago, but now faxes, e-mail, telephones and video conferencing allow people to work where they live, eliminating several hours of daily commuting time. And we need to manufacture more products and grow more food close to markets where they will be consumed...

Author: /time Magazine | Title: Energy: The Real Oil Shock | 11/14/2007 | See Source »

Aresa has had mixed results. The thale-cress does indeed turn red when it meets nitrogen dioxide. But Aresa can't get the weed to grow large enough to be easily visible. Aresa has experimented with only one of the more than 1,600 varieties of thale-cress. Following the summer letdown, the company ordered 174 different strains, and is awaiting seeds from Libya, Norway, the Caucasus, Britain, the U.S. and elsewhere...

Author: /time Magazine | Title: JARNE ELLEHOLM: Saving Lives And Limbs With a Weed | 11/13/2007 | See Source »

...probably not a bad idea that Del Vecchio is finding growth in new places?like abroad. Brooks has had stores in Japan for years but now is breaking into new markets, from Paris to Seoul to Santiago to London. "We want to grow in a healthy way," says Eraldo Poletto, Brooks' president of strategic development and international business. And moving into countries where people have shown interest by ordering from the Brooks website is thought to be sounder than loading the U.S. market with 100 more stores...

Author: /time Magazine | Title: Claudio Del Vecchio: The Man Who Brought Back the Golden Fleece | 11/13/2007 | See Source »

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