Hey Mac!--aren’t you infringing on my beat? That’s okay: I’ll fire from the same foxhole as Mac any time.
As for Julie’s query about coal-to-liquid below, I’m not sure what to make of this. I’ve had the coal-to-liquid people in my office saying they can do it profitably at an equivalent price of $50 a barrel for oil. But then they want Congress to give them massive loan guarantees because Wall Street won’t finance the development of coal-to-liquid plants. If the production costs are what they say they are, they shouldn’t need help from Washington, given current energy prices. So I’m agnostic about this.