$100 A Tank Cheap

Yes, even I wonder sometimes why Sonnet married me. Still, we have fun and here is another photograph from The Globe.

Britain really must address its oil consumption now that a gallon costs $10.50 and only going up (Bush three months ago told reporters they were nuts when $4 gas was suggested in the USA). It is easy to understand why: the world uses about 87 million barrels of oil a day, a quarter of it in the US. Saudi Arabia is the only country who can pump more - and they won't despite El Presidente's recent requests. Meanwhile, China is in its industrial revolution and then India. There are four oil fields in the world which produce over one million barrels per day: Ghawar, at 4.5 million; Cantarell in Mexico, at 2 million; Burgan in Kuwait at 1 million; and Da Qing in China at 1 million. Ghawar, at 5.5% of daily production is therefore extremely important to our well being, Dear Brother, and is expected to peak inside ten years. "The big risk in Saudi Arabia is that Ghawar's rate of decline increases to an alarming point," says Ali Morteza Samsam Bakhtiari, a senior official with the National Iranian Oil Company. "That will set bells ringing all over the oil world because Ghawar underpins Saudi output and Saudi undergirds worldwide production." Further: according to the Paris-based International Energy Agency yesterday, global need will increase to 116 million barrells a day by 2030 while production might not even make 100 million. That's a supply-demand issue dude.

Everything we see, do and touch based on cheap, or basically free, energy. Those days are gone man and the transition has yet to begin. It sure will help when we get Texas out of the White House and good riddance.

I ask Madeleine what she think we adults talk about. Says she: "us children. Fancy babes." (I think she meant "foxy" but who knows?)