You're seeing the effects of an electricity pricing mechanism that's tied to the cost of natural gas. Companies that are larger producers from coal and nuclear are getting a higher-than-anticipated benefit.

There was electricity just going and going like a wave. It just kept on going wave after wave.

Where do you stage? Where do you go? You have to have communications, you have to have electricity, you have to have dry ground. These are all things that have to exist, and these are all things that don't exist in New Orleans.

It's a very strong result. They're doing exactly what they said they would and keep adding to it. Of course a lot of the growth comes from Vintage.

The soft underbelly is the costs. The costs are going up quickly for them. It's troubling.

There is coming the time, sometime in the next decade, during which our global ability to produce conventional oil on a daily basis will hit a peak. It will probably not be directly recognizable at the time, owing to ongoing improvements driven by technology, economic factors, and a gradual improvement of production of unconventional oils and other sources of energy.