![](http://ngm.nationalgeographic.com/2008/06/siberian-oil/img/siberian-oil-boom-615.jpg)
There is only one joy for us,
And this is all we need,
To wash our faces in the new oil,
Of the drilling rig.
Little wonder Russians are toasting oil: These are boom times. Global oil prices have increased tenfold since 1998, and Russia has pulled ahead of Saudi Arabia as the world's top crude oil producer. The Kremlin's budget now overflows with funds for new schools, roads, and national defense projects, and Moscow's nouveau riche are plunking down millions of dollars for mansion-scale "dachas." Interesting article in the June National Geographic.
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