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...them in the long term; give gas away for free, which has happened before when producers did not want to halt production; or flare it - burn it off into the atmosphere. With production decreasing because of low price incentives and a great deal of gas likely being lost from capping wells and flaring gas, the oversupply will not last, and the price will be pushed higher by supply and demand fundamentals. The natural gas futures traded on the New York Mercantile Exchange (NYMEX) imply that natural gas prices will more than double in the next year...

Author: /time Magazine | Title: As Oil Explodes, Why Natural Gas Prices Stay Low | 8/27/2009 | See Source »

Kennedy was only 12 years old when his eldest brother, Joseph Jr., died during a World War II bombing mission. By the age of 36, Teddy, as his family called him, had lost three more siblings, including his two remaining brothers, Jack and Bobby, who were killed at the hands of assassins. In 1964, a plane Kennedy was taking to a campaign event crashed into an apple orchard in western Massachusetts. The pilot died, as did Ed Moss, a Kennedy aide. The Senator, then just 32, faced months of recuperation from a serious back injury...

Author: /time Magazine | Title: Kennedy's Darkest Moments | 8/27/2009 | See Source »

...culprit, of course, is the economy. A person who has lost a job is going to have a tougher time making the mortgage payment. On top of that, a lot of the moratoriums on foreclosures that lenders put into place while the Obama Administration figured out its loan-rewrite program no longer exist. The foreclosure movie was on pause for a while, but that's no longer the case...

Author: /time Magazine | Title: The Housing Market: Has It Turned the Corner? | 8/26/2009 | See Source »

...death's parlor, with no reason to imagine he would live long enough for his hair to go grey, much less white. He barely survived his own plane crash in 1964; he campaigned in 1980 in a bullet proof vest. He carried the guilt of a young life lost, after Mary Jo Kopechne died in the accident he walked away from. He was a close personal acquaintance of grief, and so was present during its visits to other people. Biden recalled Kennedy's ministry after his first wife and daughter died in a car wreck and his sons were critically...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

...rise less than two decades ago as a dominant force in Indian national politics coincided with the opening up of the country's economy and the emergence of a more confident, muscular middle-class. Its leaders were in power until a little over five years back, when the party lost the elections then by a thin margin. But those days seem long gone. The humbled BJP is now faced with serious questions over its leadership, seen to be out of sync with a fast-changing India as well as unable to control dissent within its ranks. Since the electoral defeat...

Author: /time Magazine | Title: India's Opposition Struggles With Past and Present | 8/26/2009 | See Source »

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