The weakly nonlinear theory of two-dimensional electron drift modes is
outline and a double energy cascade is demonstrated, due to the prese
nce of two rugged invariants. Statistical equilibrium spectra of the f
ully and weakly nonlinear systems are calculated using a discrete Four
ier mode phase space and Hopf's equation. A Monte Carlo simulation bas
ed on the weakly nonlinear theory gives a detailed energy spectrum wit
h several similarity ranges, suggesting the existence of an approximat
e additional local (in k space) quadratic invariant. The inhomogeneity
of the underlying system is reflected by spectral anisotropy. Some ge
neral problems of statistical fluid mechanics are discussed.