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...supply side, gas output from drilling has been much greater than anticipated, leading to a surplus that has deflated prices. This in turn has made many drilling operations unprofitable. The number of natural gas rigs operating in the U.S. has fallen well over 50% in the past year, according to EIA data. Because a given well's output decreases over time, producers need to drill new wells continually to keep up production. Thus, the falling rig count raises concern about the longer-term-supply outlook...

Author: /time Magazine | Title: As Oil Explodes, Why Natural Gas Prices Stay Low | 8/27/2009 | See Source »

...discussions that have produced little but more uncertainty about their jobs. "We have run out of patience," Klaus Franz, Opel's works council chief, said this week. "We have been calm so far, listened diligently and made comments, but that is over now. If nothing changes from General Motors' side by the end of this week, then we will be active, and there will definitely be spectacular measures from...

Author: /time Magazine | Title: GM and Germany Still Wrangling Over Opel | 8/27/2009 | See Source »

According to Ellwood, though Kennedy entered office as part of a political dynasty, his ultimate reputation as an effective, revered legislator came from his passion for the issues he supported and his willingness to work with people on either side of the aisle to transform his ideas into legislation...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Mass. Senator Ted Kennedy Dies at 77 | 8/26/2009 | See Source »

...heaven. There was a certain amount peace -a lot of peace, actually - in the family get-together last night." When his sister Eunice died, Kennedy said that "I know that our parents and brothers and sisters who have gone before are filled with joy to have her by their side again. " Now his family could say the same...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

...special envoy to Afghanistan and Pakistan, has met with Abdullah and Karzai to insist they refrain from claiming victory until results are complete. Yet the longer the process drags on and the barbs fly, analysts say, the greater the space for troublemaking. "It is dangerous for each side to keep supporters [charged up] for the future," says Nasrullah Stanikzai, a politics professor at Kabul University. (Read how a contested election result in Afghanistan may help...

Author: /time Magazine | Title: Afghanistan's Long Vote Count: Room for Mischief? | 8/26/2009 | See Source »

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