We've had high positions in individual races, but we have been irregular. We get a third then follow it with a 15th. The trick is to avoid those huge downturns. So far, we have been able to do that here.

We are only halfway through the regatta. This is a lot more racing to go. We cannot get too happy just yet.

It's been a fantastic week of sailing and it feels great to be in contention. The crew is gaining confidence with every day.

We need regulatory clearance which we do not expect to be a problem.

We haven't ever before seen such sharp increases in costs as over the past two years. It's more than $200 per ton. It has to do with rising energy costs, with rising alumina costs. This increase puts pressure on the weakest smelters.

We believe that the deepwater potential in the Gulf of Mexico is considerable,