I missed where you were dialing in to say how non-volatile gas prices have been for the last 10 years. 3 months of semi-high prices and it's the end of the world?

Hmm gas prices rising 500% in the last several years and that's not volatile? You might ask Calpine about that. Gas past 20 will allow the industry to promote it, as opposed the building of over 90% of new US electricity generation of the past ten years being natural gas fired and much of that capacity idle, it is in desperate need of promotion.

The US economy is built on cheap fossil fuels, the question is how that economy changes with more expensive fossil fuels and whether you can do it without a crisis. With a world economy growing at 2005 speed, natural gas will never be 2.50 as the oil companies promoted for the last ten years. All that infrastructure and even more the ability to "secure" it, say for example like we're doing in Iraq, is going to be expensive and that money is going to come from somewhere. The whole world wants it, not just Europe and the US.

I'm all for expensive fossil fuels, its necessary, but transitioning to new sources isn't going to be painless.