First, thanks for the question. It's a helpful one.
The oil and gas industry is a long-term industry. Certainly it moves with ups and downs like many industries, but most of the natural resource industries have booms and bottoms, and they move around in different aspects.
When we talk about pipelines, generally a pipeline project is conceived, planned, organized, evaluated, and studied usually for a period of several years before it is constructed and operated. Then it usually operates over a period of several decades.
Certainly, from a safety point of view, looking at that long rhythm and that long horizon, making sure that companies are financially viable, financially sound, and financially responsible before and during construction, during operation, and in the longer term, is part of the interest and purpose of the bill.
The other aspect around pipelines, the industry and the economics is that there is a great deal of variation and fluctuation around the producer community and how producers pay tolls for the movement of their goods using pipelines. Generally speaking, pipeline companies like to have many customers interested in using their transportation networks and it's a very competitive discussion about whether a company buys a specific amount of volume or whether it buys it on a spot basis as customer demand surges. There are a number of variables going on.
The view we have around the economic aspects is that they are certainly going to have costs associated with them, but that the industry is prepared to and should be able to cover these.