Peak oil review – Feb 16

1. Production and Prices

2. French realism

3. CERAWeek

4. Detroit at the Crossroads

5. Briefs

1. Production and Prices

The trends that have developed over recent weeks continued. Prices started about $40 a barrel on hopes that the US stimulus program will be successful and then fell for 4 days to $34 a barrel due to pessimistic economic news and yet another increase in US crude stockpiles. On Friday, however, prices jumped 10 percent to close at $37.51 as traders closed out positions in preparation for the President