U.S. Energy Secretary Steven Chu said on Wednesday he will speak to OPEC ministers before their meeting this weekend and warn them as they consider another oil production cut that high crude oil prices will harm the fragile world economy. That is the same “pity line” used on OPEC by the Bush administration last year when crude oil prices spiked up to $147 a barrel in order to get them to increase oil production thereby lowering oil prices. Continue Reading