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The last serious disruption in global supplies came 30 years ago, during Iran's revolution, when oil-field workers joined a national strike, effectively taking Iran's 6 million bbl. a day off global oil markets. Back then, Iran's exports accounted for 10% of the world's oil supplies...

Author: /time Magazine | Title: Oil Shocks: Biden, Iran and Fears of Another Price Jump | 7/7/2009 | See Source »

When the House of Representatives passed the American Clean Energy and Security Act on June 26, it was a landmark moment for environmental politics. If the bill passes the Senate to become law - no sure thing, given the 60 votes needed in the upper chamber - it would establish the first...

Author: /time Magazine | Title: Getting Your Slice of the Cap-and-Trade Pie | 7/7/2009 | See Source »

4. Remember Me, America? Meanwhile, Palin's attempts to engage on the national stage have flopped. Partly because Alaska is so far away, her trips outside the state were noticed by Alaskans, and may well have affected her ability to govern. When she nominated a highly controversial figure for state...

Author: /time Magazine | Title: Why Sarah Palin Quit: The Five Best Explanations | 7/6/2009 | See Source »

She has also found it increasingly difficult to campaign and fundraise for 2010 congressional candidates, and her Twittering from Wasilla is like shouting from the top of Mount McKinley for all that it's heard in the lower 48. The only news that does break through nationally are tabloid items...

Author: /time Magazine | Title: Why Sarah Palin Quit: The Five Best Explanations | 7/6/2009 | See Source »

Thursday's meeting was part of a series of talks the government is holding regularly with different intelligence agencies. Another meeting, with federal Interior Ministry officials, is planned for July 9, aimed at coming up with a new national-security concept. While the government insists it has no knowledge of...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

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