I think you're seeing messaging that new projects are probably less liable to go forward in the near term. I think you're looking at some of the new projects, the latest technologies, and it depends on the reservoir, but probably nothing below $50 a barrel. It's very project specific, so I couldn't give you a really good answer, but at $50, $60, or $70, I think you'll start seeing some new projects come online, perhaps.
On April 13th, 2016. See this statement in context.