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...That same aspiration is gaining traction in the defense departments of many Western nations. Frustrated by the vulnerability of long supply lines in recent conflicts - and aware that in an end-game global war the countries holding the bulk of the world's oil and gas may not prove to be allies - Western militaries are in search of new alternative fuel sources for their tanks, vehicles, planes and ships. (See pictures of oil...

Author: /time Magazine | Title: Will the Military Lead the Way to Greener Technology? | 3/23/2009 | See Source »

...sustained appreciation" over the next year and a half, according to HSBC. The main reason: Norway's budget and current-account surpluses are the biggest among nations with the 10 most traded currencies. Factor in the country's $350 billion sovereign wealth fund pumped full of the country's oil revenues, and the cost of insuring against government default in Norway - a key measure of a currency's safety - is the lowest of those countries. With Norway's output expected to shrink by a modest 1.2% this year, far less than in most of the world's leading economies...

Author: /time Magazine | Title: Why the Norwegian Krone Is the World's Safest Currency | 3/23/2009 | See Source »

...Arakan has not been told what many suspected and what the map I saw indicated: that the pipeline, on which construction is scheduled to begin this year, will travel through populous areas and will likely result in extensive village relocations. (Both Daewoo and the Indian company exploring for oil in Arakan did not respond to Time's requests for comment.) For locals, reporting what I had seen on the plane could land them in a labor camp for compromising national security. The week before I arrived, several Arakanese with vaguely political backgrounds were rounded up by the police and haven...

Author: /time Magazine | Title: The Scramble For A Piece of Burma | 3/19/2009 | See Source »

...provinces - including the semiautonomous three-province Kurdish region in the north - have faced fierce pushback from his Kurdish allies, some of whom have called him "the new Saddam." That schism is bound to widen in the coming months, when the U.N. issues its findings over the disputed oil-rich northern city of Kirkuk, which Kurds claim as their "Jerusalem" but which Arabs are loath to let go of. (See a TIME photographer's record of the Iraq...

Author: /time Magazine | Title: After Six Years of War, Iraq's Future Remains Clouded | 3/19/2009 | See Source »

Legislation to regulate the country's rich oil resources and distribute its wealth has been stalled in parliament for two years due to Arab-Kurd feuds. Meanwhile, competition is heating up among the country's varied religious and ethnic groups for power, influence and resources - and within those groups as well...

Author: /time Magazine | Title: After Six Years of War, Iraq's Future Remains Clouded | 3/19/2009 | See Source »

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