Thank you, Mr. Chair.
I would like to thank all our witnesses for their testimonies. We have had good discussions with both panels.
Hopefully I will get to all of you because I so appreciate the discussion we're having, but I would like to start with Mr. Schaefer.
In your testimony—kindred spirits, another CA—you talked about the long-term impacts and the short-term impacts. The part I would like you to expand on a little more is the impact upon making investments in the industry. Obviously, if we don't feed the industry with investments, that's a factor.
Could you expand on that?