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And so began Palin's unusual relationship with the oil and gas industry that dominates the state's economy. She says it is her experience in energy matters that best prepares her to be John McCain's Vice President. Indeed, she came out of nowhere to win the governorship by...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

It may be difficult for Americans in the Lower 48 to fully grasp how much Alaskans benefit from their state's vast oil and gas deposits. Alaska is home to just over 20% of the nation's proven oil deposits and almost 18% of its natural-gas reserves. About 90...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

Then Palin saw her opening. In October 2005, Murkowski fired natural resources commissioner Tom Irwin, a well-liked "unreconstructed miner," as one political observer calls him, for opposing concessions won by producers on the gas pipeline. Immediately, six of Irwin's top aides walked out in solidarity. The mass exodus...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

Palin's pressure tactics prevailed. The Republican legislature passed a measure giving TransCanada up to $500 million in seed money. Alaskans had been talking about a gas pipeline for three decades, and in less than two years in office, Palin had made almost unbelievable headway. "I fought to bring about...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

Part of Obama's steadiness is born of necessity: An angry, or flashy, black man isn't going to be elected President. But I've also gotten the sense, in the times I've interviewed and chatted with him, that calm is Obama's natural default position. He is friendly...

Author: /time Magazine | Title: Anger vs. Steadiness in the Crisis | 10/2/2008 | See Source »

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