Peak Oil Review — July 21st, 2008

1. Production and Prices

2. China’s Energy Shortages

3. British Petroleum in Russia

4. Energy Briefs

1. Production and Prices

The week started out quietly with oil opening on Monday around $145 a barrel and closing about the same. The rest of the week was another story with oil falling by $16 a barrel to close out the week at $128.44. This was the biggest weekly drop in oil prices ever and led to much optimistic commentary about the end of