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...course, there are numerous other factors driving the price of crude, among them supply hiccups caused by chaos in Iraq, political and economic turmoil in oil-producing nations such as Nigeria and Russia, hurricanes in the Gulf of Mexico, and fears of terrorism. "It is neither fair nor accurate to blame China for most of the rise in oil prices," says Jeffrey Logan of the Paris-based International Energy Agency (IEA). But with oil in short supply?currently, producers are pumping just 1 million barrels more than the 81 million barrels being consumed worldwide every day?growing demand from China...

Author: /time Magazine | Title: China's Quest for Oil | 10/18/2004 | See Source »

...when the country's best-known "model worker" was Wang Jinxi, who was said to have plunged into a vat of Daqing oil during a freezing winter and stirred it with his body so it would continue flowing. Oil and gas discoveries in the South China Sea and Bohai Gulf, where drilling began in 1979, made China seem all the more invulnerable to oil shocks, and the country remained an oil exporter until 1993. Today, however, output from China's top four oil fields is in decline. By some estimates, the country's current proven reserves will be depleted...

Author: /time Magazine | Title: China's Quest for Oil | 10/18/2004 | See Source »

...sense of lawlessness that now rules portions of the country. Most explosive of all was weapons inspector Charles Duelfer's 918-page CIA report on Saddam's weapons, which concluded that while the Iraqi leader had wanted weapons of mass destruction, he destroyed his stockpiles after the 1991 Gulf War and had no programs or materials to make new ones anytime soon...

Author: /time Magazine | Title: Campaign '04: CRUNCHTIME | 10/18/2004 | See Source »

...Democratic “Opportunity Society” would target the roots of inequality, beginning with the vast gulf in education spending that divides affluent and poor communities. That would require a much bigger federal role in education funding. Such a society would invest in universal pre-school, generous paid-parental leave (for mothers and fathers) and health coverage for every child. (Kerry’s under-publicized healthcare proposals make great strides toward universal child health care. By framing that effort as part of a new pledge to level the economic playing field from the start, the challenger could...

Author: By Eoghan W. Stafford, | Title: You Say You Want a Revolution? | 10/12/2004 | See Source »

...prospect, so Ronzone played in leagues from Italy to the Philippines before becoming player-coach of New Zealand's Wonganui Wolfpack. Then, after an encounter with Crown Prince Abdullah of Saudi Arabia, he became the first head coach of the Saudi national team. "It was right after the Gulf War in '91, so I hesitated," he recalls. "Then the prince offered to triple my salary." At the 1994 Goodwill Games in Russia he ran into Donn Nelson. "I couldn't believe how many people Tony knew and how much knowledge he had accumulated about international players," says Nelson. "I told...

Author: /time Magazine | Title: Looking For Mr. Really Big | 10/11/2004 | See Source »

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