Thank you, Chair.
Mr. Stringer, I read your testimony when you were at the committee here less than a year ago, in June of last year. Welcome back.
When I read this, I thought of how the world has changed since then. You started to touch on the forecasts. I'm going to be asking you to elaborate a little bit on the forecasts, because.... What is the production? You've said the investment is going to be cut in half, from $20 billion down to $10 billion. Do we have now a new forecast graph that would show what would be happening?
I have another question, and it might be for Ms. Kasperski, regarding having carbon capture and storage. We're using water as a very important part of the process. Most of it, using the in situ technology, is recycled. I think we're up to 90% recycled now. But as we're using carbon capture and storage, that technology of using carbon reinjected, it will help old reserves that are no longer producing start to produce again. If we're using the carbon capture and storage, will that also lower the need to use water?
Those are the two questions. How is that going to play into the impacts on water? And starting off with Mr. Stringer, what's going to be happening with the forecasts and the ultimate total greenhouse gas emissions, maybe the importance of...? We will likely, with the slowdown, have the total greenhouse gas emissions drop, but we are also providing more efficient use per unit of production.
Could you elaborate on both of those? Thank you.