Time Essay: How to Counter OPEC

Can anything be done to break the tyranny of the toughest cartel in history, to prevent oil shortages and price gouging? The answer is yes—if. If the U.S. is ready. At last, the jarring events of the past few weeks have probably persuaded Americans that the crisis is real, and that the nation can meet it by making some sacrifices and changes in its lifestyle, by taking some chances and paying some costs. What is needed, of course, is to lessen immediately the country's umbilical dependence on crude oil from the cartel. Slackened demand...