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Most Iranian commentators do not think so. Although House Foreign Affairs Committee chairman Howard Berman called Kyl and Lieberman's Iran Refined Petroleum Sanctions Act "a sword of Damocles" hanging over the Iranians, the view from Tehran is quite different. In Tehran's daily newspaper Mardom Salari, columnist Hamid Reza Shokouhi recently wrote, "It is possible to turn this sword of Damocles into an opportunity for gaining self-sufficiency." (See pictures of the turbulent aftermath of the Iranian elections...

Author: /time Magazine | Title: Pressuring Iran on Nukes: Would a Gas Embargo Help? | 8/31/2009 | See Source »

...late 1870s and early 1880s, the first oil tankers were allowed to pass through the Suez Canal, and the modern shipping system was born. Today crude oil travels in tankers that can carry up to 4 million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel for trading and selling. (Watch the video "In Ecuador: Oil-Eating Mushrooms...

Author: /time Magazine | Title: The Oil Barrel | 8/26/2009 | See Source »

...took over LBNL in 2004 and immediately refocused the lab on researching commercially viable solutions to big energy problems. He set up two bioenergy institutes - one funded by a controversial $500 million grant he secured from British Petroleum - and spearheaded a major project to investigate solar energy. "Steve is a visionary, and he really galvanized the lab with his vision," says Paul Alivisatos, who was Chu's deputy there. But some scientists bristled at Chu's demand for dramatic scientific breakthroughs - brand-new ways to store energy, sequester carbon or fuel cars - as opposed to incremental engineering improvements. "Chu likes...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

Environmental Impact: Waste A 1,000-head feedlot produces up to 280 tons of manure a week, and the smell can be powerful. All that feed corn requires millions of tons of fertilizer and, ultimately, a lot of petroleum...

Author: /time Magazine | Title: Getting Real About the High Price of Cheap Food | 8/21/2009 | See Source »

...should continue to allow the rifts between political élites, and the rift between the people and regime, to widen on their own," suggests Sadjadpour. "As Napoleon once said, 'If your enemy is destroying himself, don't interfere.' The truth is, we don't know how sanctions on refined petroleum could play out, and our bottom line should be to do no harm to the prospects for political change in Iran...

Author: /time Magazine | Title: Sanctions Unlikely to Stop Iran's Nuclear Quest | 8/10/2009 | See Source »

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