A couple of days ago, Gristmill's Tom Philpott reported on a Wall Street Journal article suggesting that the Chinese demand for oil is slackening this year.

Environmental Economics has a great quote from Sen. Pete Domenici, who asked the oil company execs to explain to him how the price of oil is determined, since "my constituents and, I believe, most Americans think that somebody rigs these prices".

Both of these blogs also mention that the provision to drill in the Arctic National Wildlife Refuge has been removed from  the spending bill (just in case you hadn't heard).