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...ethnic states, since the territory dominated by their ethnic group was thought to be the only one without large reserves of oil. (Both the Shi'ite south and Kurdish north have productive fields.) "The Western desert has lain dormant," says Colin Lothian, senior analyst on Middle East energy for Wood Mackenzie, an international energy research and consultancy. "It's not out of the realm of possibility...

Author: /time Magazine | Title: Iraqi Oil: More Plentiful Than Thought | 4/24/2007 | See Source »

...estimates of Iraq's oil reserves, the country could potentially produce far more than that - perhaps as much as 10 million barrels a day, according to Shafiq. "Iraq is probably one of the last remaining giant oil places yet to be tapped by the international community," says Lothian of Wood Mackenzie. "There will be huge competition among companies to go into Iraq once the law is enacted and security is established." That could be a long wait...

Author: /time Magazine | Title: Iraqi Oil: More Plentiful Than Thought | 4/24/2007 | See Source »

...cloud-festooned hallway that leads from the rear parking lot. Classic Diesel design aspects, such as the worn-in, vintage atmosphere of other locations, have been discarded in favor of unique lighting techniques and product displays. The stark cement floor gives way to a decorative metal-studded wood-marquetry design near the entrance. In addition, men's and women's clothing and accessories will be dedicated to the brand's most fashion-forward looks. But jeans devotees needn't worry: Diesel's signature denim bar will have a large presence, even stocking the élite Diesel Denim Gallery line...

Author: /time Magazine | Title: Diesel Revs Up on Melrose | 4/17/2007 | See Source »

...features major new works and a photographic review of many of the ephemeral works in nature for which Goldsworthy has become famous over the last 30 years. Among the new outdoor pieces are dry-stone wall enclosures that cradle giant fallen oaks, while inside there are rooms of stone, wood and clay. In another gallery all but a snaking ribbon of picture window has been covered in cow dung. In front of a curtain he made by pinning together 10,000 horse chestnut leaf stalks, Goldsworthy, 50, spoke to TIME's Michael Brunton about his inspiration and his homecoming...

Author: /time Magazine | Title: Q&A with Andy Goldsworthy | 4/13/2007 | See Source »

...bigger challenge for Nike will be figuring out where to make its next big bet, now that Tiger Woods has more than proved to be a smart investment. It won't have to look further than the fastest growing segment of the sport, female golfers. Nike Golf signed Michelle Wie to a reported $4 million to $5 million deal in 2005, and is launching a line of women's clubs next fall. "It's a dogfight," says Wood. "But in five years, we should be the leader in the business. I don't see any reason...

Author: /time Magazine | Title: Member of the Club | 4/12/2007 | See Source »

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