Thank you very much, Mr. Duguid.
I'll start, but I'll hand the second part of the question over to my colleague Dave Schick.
Regulatory certainty is absolutely primordial for us. Investment decisions are not made on one- or two-year cycles; they're made on 10-, 20- or 25-year cycles. I'll give you an example. On the strength of the CFR, there are many investments, and planned investments, already en train to deal with that.
To your second question with respect to doing a deeper dive on incentives, I'd start that off for Dave by saying that the CFR dramatically increases the domestic demand for biofuels, as I said in my remarks, which we don't have right now. In fact, we're importing, and the trend toward importing is growing, even without the CFR. The two really go hand in hand—the opportunity with the incentives—to grow the domestic market, so that we're in a position where we're making and not buying.
I'll turn it over to Dave.