Greenspan: Energy Prices Should Stabilize

High oil and natural gas prices have put energy markets under a degree of strain that hasn’t been seen in a generation, Federal Reserve Chairman Alan Greenspan said Tuesday, but he warned policy-makers against interfering with market forces he hoped would eventually stabilize prices.

The Fed chief expressed hope that market forces would spur conservation by businesses and consumers and greater energy exploration by energy companies. That should help get prices under control, he said.
Yahoo