We believe that consumer spending is going to bear the brunt of higher energy prices that we have seen leading up to and immediately following Hurricane Katrina as discretionary spending is curtailed.

She's been our leading scorer, and she plays with so much energy. I'm fortunate to have her for another year.

The company performed well in the second quarter despite soaring energy prices, leading to high raw material prices, and production outages caused by Hurricanes Katrina and Rita. We remain focused on executing our business strategy, managing our operating costs, improving our business systems, and producing to meet expected demand. At the same time, energy-driven record high fertilizer prices have caused many of our customers to delay their purchasing decisions. As a result we expect a challenging third quarter.

These top-ranked trusts are combining to create a truly leading-edge intermediate-sized energy trust. We share a common approach with our value-added business plan and now have an even stronger technical team.

It was 25 basis points, everyone knew that, and so there's virtually no stock market reaction,

It's mighty difficult the closer you get to the consumer to raise prices, and that remains the case. There is a big debate out there as to how long can this continue.