We expect that the majority of the material recovered is going to be oil.
Our participation in the state lease sale is aligned with our current interest in progressing Liberty along.
We're looking at $13 billion in capital investment over the next decade.
Right now we don't know how big of a spill we have.
We need a healthy oil business in order to move to a healthy gas business. We view oil and gas as one package and the agreement reached with the governor is finely balanced.
But, of course, we're concerned about any spill scenario.
Changing the rules and dramatically increasing taxes on prior investments and future investments sends a chilling message to any company considering investments in Alaska.
They are not necessarily as sensitive to very small leaks at any one time.
We're looking at a 50-year future here. We'll take what we learned about the potential impacts of viscous oil and share it across the field.
If you look at the fact that we've delivered 15 billion barrels of oil down that line since it opened, if you compare any amount of oil spilled, it's a tiny fraction.
