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...become a predictable September ritual: officials from the world's oil-rich nations fly into Vienna for their annual OPEC meeting, huddle around a gleaming conference table and decide how to push oil prices up or down by closing or opening the spigots on their vast resources - about two-thirds of the world's total reserves. At this week's meeting, however, OPEC's oil ministers attempted an even trickier acrobatic act: staying in place...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

...December. Now oil futures hover around $70 a barrel - a price that is, finally, just right, according to Ali Al-Naimi, oil minister from Saudi Arabia, which produces about one-third of all OPEC oil. "The market is in very good shape," he told Reuters when he arrived in Vienna on Wednesday, Sept. 9. (See pictures of South Africa's oil-from-coal refinery...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

...next year than this year and by 2012 would fully recover to its 2007 prerecession levels. OPEC is also betting on a fast global recovery. Angola's oil minister, José Maria Botelho de Vasconcelos, the current rotating OPEC head, told the meeting attendees in Vienna on Wednesday that "the darkest days of financial turmoil and economic recession are behind us." That belief has helped to persuade OPEC leaders that they can keep oil prices high without risking a demand collapse - as happened last year...

Author: /time Magazine | Title: Oil Prices Stabilize; Can OPEC Keep Them That Way? | 9/11/2009 | See Source »

...healthy controls, while the French team, led by Dr. Philippe Amouyel at the Pasteur Institute, gathered more than 7,000 similar samples. Each team worked independently, unaware of the other lab's research, until both happened to present their data at the International Conference on Alzheimer's Disease in Vienna in July. Williams, who was in the audience when Amouyel gave his talk, immediately checked her database on her laptop and found to her delight that her group had identified the same high-risk genes as Amouyel's. (Read about advances for Alzheimer's - outside...

Author: /time Magazine | Title: Breakthrough Discoveries of Alzheimer's Genes | 9/7/2009 | See Source »

...Hitler want to build the Führermuseum? He was a frustrated, aspiring artist. He had applied to the Academy of Fine Arts in Vienna as a painter and been rejected. He had been encouraged to reapply for architecture school and was rejected again. He believed that the majority of the jurors at the academy were Jews. He was determined to get back at them and diminish Vienna's cultural influence over Europe by rebuilding Linz. It was an industrial city and wasn't particularly attractive. He wanted to make it magnificent. (See pictures of the faces...

Author: /time Magazine | Title: Saving Europe's Art from the Nazis | 8/25/2009 | See Source »

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