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From Financial Times:


http://www.ft.com/cms/s/51ec2e78-40da-11db-827f-0000779e2340.html

Some months ago, I heard a story that the new Saudi King's State of the Union warned them not to expect their childern to live as well. In other words the oil will run out by then...

Hi Andy:

___It is a free market although they have control of the taps just as we have control what car we drive and how much we drink from that same tap? They are worried because they are not making almost triple the profits they were when oil was $30 per? It still costs just $3.00 per to bring it out of the ground?

___Chuck, yes, the Saudi State of the Union or whatever it is called there had the king explain to his subjects that their children will no longer be able to rely on oil revenues because it will be gone for all intents and purposes.

___Good Luck

___Wayne