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...along the way, the competing reports measure progress in Iraq by yardsticks of differing lengths. While the GAO said electrical production was lagging, the Pentagon asserted that this was a function of escalating demand for power. Electrical output, it said, now tops what the country was generating before the invasion. The Pentagon also zinged the GAO for using, as an oil-production benchmark, the "arbitrary goal" of 3 million bbl. a day set by the U.S.-run occupation authority immediately following the invasion. More importantly, the Pentagon said, is that petroleum exports are at their highest level since the fall...

Author: /time Magazine | Title: Iraq Through the Looking Glass(es) | 6/25/2008 | See Source »

...goal is to bring back stability to the oil market.' IBRAHIM AL-MUHANNA, adviser at the Petroleum Ministry of Saudi Arabia, after officials announced plans to increase output to a record 10 million...

Author: /time Magazine | Title: Verbatim | 6/19/2008 | See Source »

Walton's investment has paid off handsomely. Since it began commercial production of thin-film modules in 2002 (much of the output has been sold to small-scale solar farms in Germany, where generous subsidies have primed the market), the company has done nothing but grow. With factories in Arizona and Germany and another being built in Malaysia, First Solar should be producing 1 gigawatt of solar power yearly by the end of 2009. "They've fully overcome the technological barrier with large production and low defects," says Rhone Resch, president of the Solar Energy Industries Association. "Their plants...

Author: /time Magazine | Title: Solar Power's New Style | 6/12/2008 | See Source »

...been rationed like this," says Sarah Clark Woolf, spokeswoman for Westlands Water District, which has been forced to cut irrigation supplies to hundreds of thousands of acres of agricultural land. California Farm Bureau Federation President Doug Mosebar estimates that Fresno County could lose 20% to 30% of its agricultural output this season...

Author: /time Magazine | Title: Farmers vs. Fish Amid the California Drought | 6/12/2008 | See Source »

...burden by cutting taxes and import duties on basic foods. And they have promised to review fuel prices and to build more refineries to boost fuel supplies. Although Cameroon has rich offshore oil deposits of its own, it has only one refinery in the Atlantic port of Limbe, the output from which is largely exported...

Author: /time Magazine | Title: Navigating a Real Oil Shock | 6/11/2008 | See Source »

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