Here is another indication of our plight. Brunei is running out of oil. This is more information from the oil rags:
" Bandar Seri Begawan, Brunei. His Majesty Sultan Haji Hassanal Bokiah Mu'izzaddin Waddaulah, has a problem: Oil is king in this tiny sultantate on the steamy island of Borneo, and it may be running out." Patrick Barta, "In Brunei, the Days of Easy Living Might be Over," Wall Street Journal Asia, Wed. Oct. 26, 2005, p. 26
"Oil production peaked as far back as 1979, and analysts now say the sultanate could face a serious output squeeze within the next decade. Last year, Brunei pumped out 206,000 barrels of oil a day, slightly less than the year before." Patrick Barta, "In Brunei, the Days of Easy Living Might be Over," Wall Street Journal Asia, Wed. Oct. 26, 2005, p. 26
"His majesty's 370,000 subjects have it pretty good, too. Although many live in ramshackle stilt houses, they pay no personal income tax, enjoy virutally free health care and often study at the world's finest universities on the sultanate's tab." Patrick Barta, "In Brunei, the Days of Easy Living Might be Over," Wall Street Journal Asia, Wed. Oct. 26, 2005, p. 26
That is 256 bbl of oil for each resident--at $60 bucks per bbl, that is about $16,000 per year.
glenn
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Received on Thu Oct 27 09:15:34 2005
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