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...marks the sesquicentennial of the first oil well, which was drilled in Titusville, Pa. It has been more than a century since any major producer shipped oil in an actual barrel, but the unit has been the industry's standard ever since the overwhelmed Pennsylvania oilmen struck their first gusher. Before U.S. drilling began in 1859, "rock oil" (to differentiate it from vegetable oil or animal fat) was sopped up with rags, wrung out and peddled as a cure for everything from headaches to deafness. Spurred by demand for lamp fuel as whale blubber grew scarce, derricks popped...

Author: /time Magazine | Title: The Oil Barrel | 8/26/2009 | See Source »

...presidency proved unsuccessful, particularly after the Chappaquiddick incident became a major factor in the campaign...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Mass. Senator Ted Kennedy Dies at 77 | 8/26/2009 | See Source »

...dreadlocked revelers smoked celebratory reefers in the streets, no armies of conservatives protested, the Mexican media raised no hullabaloo. Quietly and with little ado, Mexico last week enacted a law to decriminalize possession of small amounts of all major narcotics, including marijuana, cocaine, heroin, ecstasy and crystal meth. Anyone caught in Mexico with two or three joints or about four lines of cocaine can no longer be arrested, fined or imprisoned. However, police will give them the address of the nearest rehab clinic and advise them to get clean...

Author: /time Magazine | Title: Mexico's New Drug Law May Set an Example | 8/26/2009 | See Source »

...originally filed in October by President Felipe Calderón, a social conservative who is waging a bloody military crackdown on drug cartels. Congress then approved the bill in April - as Mexico's swine-flu outbreak dominated media attention. And finally the law went into the books without any major protests either in Mexico or north of the border. (See pictures of cannabis culture...

Author: /time Magazine | Title: Mexico's New Drug Law May Set an Example | 8/26/2009 | See Source »

...Were even imperfect movement made on the settlement issue, it would probably be enough to clear the way for Netanyahu to meet with Palestinian President Mahmoud Abbas in the margins of next month's United Nations General Assembly. That resumption of direct contacts would be a major boost for Obama's stated foreign policy priority of laying the foundation of lasting peace in the Middle East. And it would also reverse the dramatically deteriorating Israeli-Palestinian relations that helped lift hard-line, mutually hostile governments to power on both sides of the divide. (See pictures of heartbreak in the Middle...

Author: /time Magazine | Title: Netanyahu in Europe: Hopes for Renewed Peace Talks | 8/26/2009 | See Source »

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