There will be increased merger activity as global energy companies find buying proven reserves more promising than exploration and development.

I don't see a downside in the energy sector from where we are today. Down the road, there will ultimately be a great downside in the energy sector.

Our bullishness is largely energy-driven.

In three months the now placid waters of the Gulf of Mexico will begin to stir. It could be another stormy year.

We will be purchasing the energy, not the capacity.

Ultimately we don't know how much this plan will raise energy prices.