I do believe that we need to do more on this regard, that customer accounts need, if they post margin, need to be properly segregated.
It is probably $0.05 a million cubic foot.
I think our financial regulatory system failed, so I would look forward to working with however Congress addresses this issue.
I have anecdotal thoughts, if I might, if I am allowed to share.
I am certainly committed to meeting with the clearing members and users.
Bureaucracies set up to regulate corporations end up protecting corporations.
The markets benefit and the public benefits to bring that in.
His concern--and I share it--is that over-regulation on the commodity side will simply drive investors to more favorable regimes.
I think that is an excellent question.
I couldn't agree more with the Chairman. We are talking about a paradigm shift here.
I, like you, have met with a lot of energy companies in these last 5 weeks, and I think that we can achieve both goals.