I hate to rain on anybody's parade, but the timing of this report couldn't be any worse. It has come out just in time to see the oilfield completely shut down while the entire world heads into recession. The Great State of Louisiana is also completely broke at this time. It also comes out just as the P5 conferences are imposing the cost of pay for play on all of us.
Not to beat a dead horse, but we needed to have acted on the information in this report 15-20 years ago. As usual, our timing is a day late, and a dollar short.
We'll be doing well if we can just maintain the status quo over the next few years.