Thank you all for being here. It's a fascinating discussion.
Mr. McLellan, you mentioned that peak oil is no longer.... I remember when I was first elected the big topic was that we were running out of oil. You're right that today we talk about how we have reserves for possibly 200 years. Nobody knows what the Saudis have; they don't seem to tell us. One of the aspects we haven't touched on is the fact that high oil prices encourage a lot of new development. Let's face it—although we no longer speak about peak oil, we have taken all the low-hanging fruit, from what I understand about drilling. Are we drilling seven miles down sometimes to get reserves somewhere in the Gulf of Mexico?