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...supply side, gas output from drilling has been much greater than anticipated, leading to a surplus that has deflated prices. This in turn has made many drilling operations unprofitable. The number of natural gas rigs operating in the U.S. has fallen well over 50% in the past year, according to EIA data. Because a given well's output decreases over time, producers need to drill new wells continually to keep up production. Thus, the falling rig count raises concern about the longer-term-supply outlook...

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

...With this new legislation, Britain joins the growing number of European countries that have tackled legal highs over the past several years. For now, dozens of U.K.-based websites and shops are still free to market and sell alternatives to illegal drugs and to ship them to any country that doesn't yet prohibit them. It's these legal drug dealers that the British ban seeks to target. "The priority will be to chase suppliers rather than users," says Martin Barnes, head of Drugscope, a nonprofit that studies drug use in the U.K., and a member of the advisory board...

Author: /time Magazine | Title: The War on Designer Drugs: Britain Bans Legal Highs | 8/27/2009 | See Source »

...superstitious belief - half playful, half serious - that the teleprompter would break, as it had for the hapless governor who placed JFK's name in nomination at the 1960 convention. If it happened that night, the plan was that Kennedy would look toward me, and I would utter a number to tell him what page of the typed text to turn...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

...same - British artists Gilbert & George, the American Bruce Nauman - and the discussions almost identical. Ambition, both on the part of the artists and the collectors who hoped to gain prestige from their purchases, dominated every event. "The hunger to succeed ... was ravenous," Atman says. "In different historical circumstances any number of these artists could have seized control of the Reichstag or ruled Cambodia with unprecedented ruthlessness...

Author: /time Magazine | Title: The Venice Biennale | 8/26/2009 | See Source »

...provision that is likely to prevent the opening of any Amsterdam-style "coffee shops" in the country. The new law also empowers city and state police to investigate dealers, which was formerly the reserve of the federales. Street-corner pushers have exploded across Mexico in recent years while the number of hard-drug addicts has shot up to 460,000, according to a survey last year...

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

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