I'll start off, and then I'll pass it to my colleague Mr. Meyers.
There are a couple of points I want to make. The first is that the difference between the two graphs is significant, in that one is absolute value and one is relative value. While the figures on slide 12 may be quite high, as you pointed out, and exploration expenditures are higher in 2012 than they were in the early 2000s, first of all, it's—