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The oil-futures market is tiny compared with the physical oil market: less than 3% of the world's oil consumption over the next year is accounted for in the open interest - the contracts currently being traded - at the New York Mercantile Exchange (NYMEX). To put it in perspective, Saudi...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

I am disappointed that you said that Gordon Brown does not communicate well. This is a fallacy that has been perpetuated by the British press, which has never hidden its dislike of Brown since his days as Chancellor of Exchequer. The British are educated people. Does one really need a...

Author: /time Magazine | Title: Labour in Trouble | 7/9/2009 | See Source »

From the moment Palin appeared onstage last summer, one central narrative was whether she could possibly juggle her complex personal and public lives. By now we're used to seeing stories about professional women who conclude that "having it all" is a myth and leave the arena in search of...

Author: /time Magazine | Title: Palin Resignation: A Family Choice? | 7/9/2009 | See Source »

The Chinalco deal died mainly for economic reasons, but that didn't mean the Chinese were happy about it. In fact, an investment banker close to the proposed deal says "they were furious - not just the company, but the government." The banker notes that Chinalco CEO Xiong Weiping was in...

Author: /time Magazine | Title: Aussie Mining Exec Arrested for Spying in China | 7/9/2009 | See Source »

More in general, what did your previous time in the country teach you? Because I got to see a fair amount of the country and the focus on the gathering of the operations enabled by intelligence, it was the need to understand what was happening. The focus on not looking...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

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