If only Federal Reserve chairman Alan Greenspan could talk oil prices down the way he does stock prices. A lot of folks are getting edgy about the possibility that sky-high oil prices could soon head into the stratosphere.
"It's obvious the Federal Government was not prepared," said a chagrined Energy Secretary Bill Richardson last week at a hastily arranged emergency "Energy Summit" in Boston's historic Faneuil Hall. "We were caught napping." Richardson, like most oil experts, didn't think the 11-member Organization of Petroleum Exporting Countries could close ranks enough to limit supplies. Yet since 1998 OPEC has taken 4.3 million...