The black gold at the end of Britain's rainbow began flowing ashore from the North Sea for the first time last week. The victory over wind, sleet, 100-ft. waves and British muddle came on the 160th anniversary of the battle of Waterloo, and it sent Energy Secretary Anthony Wedgwood Benn into a fit of hyperbole as he opened the first valve on the Isle of Grain. Benn held aloft a souvenir bottle of the crude and announced to an assembly that included U.S. Ambassador Elliot Richardson: "This is much more significant and historic than...
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