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...ultimate win-win situation, reducing our dependence on carbon-intense fossil fuels while boosting demand for American farm products. And they're "renewable," which has become a kind of synonym for green. But years ago, researchers began raising concerns about the direct emissions created by the heavy machinery and petroleum-based fertilizers it takes to grow corn and other biofuel feedstocks, the energy-intensive plants that convert the crops into fuel and the trucks that transport the fuel to market. A slew of studies have concluded that when you include all these life-cycle emissions, corn ethanol only produces about...

Author: /time Magazine | Title: Stress-Testing Biofuels: How the Game Was Rigged | 5/12/2009 | See Source »

...accelerating. Most of those have been uncovered through human intelligence, since there are no currently available technical means to reliably detect tunnels. The Department of Homeland Security started spending research money on detection technologies two years ago. But even the most promising ones - primarily adapted from mining and petroleum exploration industries - are several years from proving reliable. "We see this as one of those frontier threat areas that have to be mitigated but it is a very, very difficult problem area," says Rick Miller, a leading expert at the Kansas Geological Survey...

Author: /time Magazine | Title: Underground Threat: Tunnels Pose Trouble from Mexico to Middle East | 5/2/2009 | See Source »

...Companies that are majority owned by the government include some familiar names, among them China Mobile, the world's largest mobile phone company by subscribers, Baoshan Steel and China National Petroleum Corp. The role they play in China's hybridized economy appears to be expanding due to the global slump. As Beijing fights recession with a $586 billion stimulus package and as banks boost lending at the behest of the government, the private sector looks to be getting squeezed out. Loans to private firms in January totaled $61.7 billion, down $102.5 million from the previous month, even as total lending...

Author: /time Magazine | Title: Why China's State-owned Companies Are Making a Comeback | 4/29/2009 | See Source »

...effective at cleaning clothes as their brand-name counterparts. According to the “Did You Know?” section of the label on vegetable-based detergent Seventh Generation, “If every household in the U.S. replaced just one bottle of 100 oz. 2x ultra petroleum-based liquid laundry detergent with our 100 oz. 2x ultra vegetable-based product, we could save 460,000 barrels of oil—enough to heat and cool 27,000 U.S. homes for a year...

Author: By Ayse Baybars | Title: Tide of Change | 4/26/2009 | See Source »

...Chinese are not likely to be deterred, because the opportunity to buy energy and minerals this inexpensively may be historic. That's why the China Development Bank and China Petroleum & Oil Corp. last month invested $10 billion in Petrobras, Brazil's state-owned oil company and the prime operator of one of the most promising new offshore fields in the world. The deal gives Petrobras capital to further develop the field. In return, China will get 100,000 bbl. to 160,000 bbl. a day for more than 20 years. And just before the Brazilian deal, Beijing agreed to lend...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

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