Why the big resistors ? If this circuit only draws a small current then why does it have high wattage resistors ?

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P = E * I

P can be large even if I is small. In tube circuits you often have 10s to 100s of volt across resistors, so E is large, thereby leading to a large dissipated power, P.

You can also look at it this way: P = I^2 * R, so P is large if R is large, even if I is small.

Also note that if you run a resistor at its rated power it'll get screaming hot (250-300 ºC). Many, me included, derate the resistors to prevent these high temperatures. I often run the resistors at 1/5 to 1/3 of their rated power. Then the resistors run at a more reasonable 80-100 ºC. This also improves the reliability of the circuit.

Tom