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...When OPEC turns the tap off, it takes a few weeks for American consumers to feel the effect at the pump. The lag time for retail prices depends primarily on gasoline inventories. But when there's a fire at an Illinois refinery, as there was on April 28, it takes only a few days for the price of gas to spike at pumps in Detroit. Combine a fire in one place with a new regulation in another and you've got a national price spike like the one that happened last year, when a Michigan pipeline burst in June...

Author: /time Magazine | Title: Are We Getting Gouged? | 5/14/2001 | See Source »

...refineries to keep cranking out that go juice. Some analysts are optimistic - without widespread problems at refineries, they say, there should be plenty of gas to go around, easing pump prices back to traditional summer levels by late July. (U.S. retail prices averaged $1.63 a gallon last week, 19 cents higher than in March and already above the $1.52 a gallon that the Energy Department had previously forecast for June...

Author: /time Magazine | Title: Pumped-Up Production Could Ease Summer Gas Woes | 5/7/2001 | See Source »

...Worst case is pump prices and power bills go through the roof, whole incomes disappear, and everybody just skulks around feeling miserable. And not buying stuff...

Author: /time Magazine | Title: Unemployment is Up, and the Markets Don't Know What to Think | 5/4/2001 | See Source »

Sometime in the next 10 weeks, surgeons will remove the heart from a dying cardiac patient and replace it with the device seen at right--the first fully implantable, entirely self-contained mechanical heart. The $75,000 pump is a technological tour de force. Fashioned of titanium and plastic, it is powered by a wallet-size battery pack that transmits energy to a coil under the skin. Patients should be able to walk, shower, even return to work--as long as they recharge every four hours. AbioMed hopes to install more if the experimental design works reliably and delivers good...

Author: /time Magazine | Title: High-Tech Heart | 4/30/2001 | See Source »

...place some of the blame on chains, such as the Hard Rock Cafe and Rainforest Cafe, which have turned dining into event-style entertainment, replete with waterfalls and bossa nova. Eatertainment, as it's known, has spurred less gimmicky places to pump up the volume to compete. Result: a sonic boomlet...

Author: /time Magazine | Title: At Your Service: Dining In A Din | 4/30/2001 | See Source »

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