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Duprey points out that the arguments used by proponents of offshore drilling can also be used to support aggressive investment in alternatives. "We have this vast untapped renewable energy reserves, just like oil and gas," he says, referring to the rich wind resources of the Midwest and the solar potential of the Southwest. "We just need to build the transmission lines to move that energy out." Think of it that way, and suddenly alternatives don't seem like a far-off solution based on science fiction, but a resource that exists today, if it can be tapped - just like offshore...

Author: /time Magazine | Title: Putting US Energy in the Wrong Place | 8/20/2008 | See Source »

...gold in California. Ratkovic, the tourism professor, says Montenegro's government needs to put a brake on the "construction frenzy" of apartments and houses, and should instead provide more incentives for hotel developments that generate more long-term revenue. The country still suffers from a yawning income gap between rich and poor, and closing it is going to take more than a few luxury "oases" like Porto Montenegro, says Mirjana Kuljak, an economics professor at the University of Montenegro...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...great things. But let's not forget that our elected representatives must be the ones held responsible for protecting the poor. Since the government must set a minimum wage for justice's sake, perhaps it can set maximums for corporate profits or individual salaries and offer incentives for the rich to give back. Ralph Scheidler, FORT FAIRFIELD, MAINE...

Author: /time Magazine | Title: Capitalism 2.0 | 8/19/2008 | See Source »

...gold medalists in recruiting foreign-born athletes are Qatar and Bahrain, tiny oil-rich Gulf states that have poached top runners from Kenya, Morocco, and Ethiopia. The effort took off in the 1990s, when Qatar began importing Bulgarian weight lifters, one of whom, Angel Popov, won a bronze medal in the 2000 Olympics under his adopted Arab name, Saif Saeed Asaad. Since then, Qatar and Bahrain have each shelled out millions of dollars to persuade athletes to change their citizenship, tossing in lucrative incentives for setting world records and bringing home Olympic gold...

Author: /time Magazine | Title: The Year of the Mercenary Athlete | 8/19/2008 | See Source »

According to a new report by Matt Finer of the green group Save America's Forests, however, the western Amazon could be on the brink of an energy bonanza - and that could be bad news for the rich array of plants and wildlife the forest supports. Finer points out that there are approximately 180 separate zones of development for oil and gas exploration in the western Pacific, run by at least 35 multinational energy companies. The area covers almost 700,000 sq. km. and it's growing fast. In 2003 Peru cut oil and gas royalties in an effort...

Author: /time Magazine | Title: Drilling for Oil Way, Way Offshore | 8/18/2008 | See Source »

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