I think it's caused (producers) to be more disciplined about locking in future prices. But even that creates a whole new realm of issues that they have to deal with, specifically, margin calls.

The volatility is a challenge for all market participants. I know the producers that hardly did any hedging years ago are doing some; the producers who were doing a little bit are doing more; and there are some real sophisticated ones out there that do quite a bit of hedging.

Yes, we are considering it. Whether we'll get involved, I don't know. We think consolidation is the future of the industry.

Your future is so bright it burns my eyes

That's never been in any plan. Unfortunately, in the future, it will have a place at the table.

We just got outplayed. I can admit that. They wanted it more than we did. We have to fix that before next week.