Thank you Dermot. If Texas or Louisiana is better then the producers should go there. The fact of the matter is that globally most production, to the tune of 65-70%, comes from state owned facilities. Now that is real stability. What SB 21 did in extremely complicated fashion was give high powered oil industry lawyers a possible mechanism to monetize net operating losses, aka NOLs. If this is such a great idea, as oil lobbyists contend, then we should consider moving ALL Permanent Fund investments into credit default swaps. Yea, I infinitey dare you.