In my judgment that sets a different set of obligations that yes, we're interested in having effective regulation, but we ought to also be concerned as the owner of the land for its prudent use.

What we need to be moving to is not only an enhanced quantity and quality but also anticipatory research.

I think all of those suggestions are worthy, but they all reflect the fact that our regulatory system has not kept up...

I would say two of the themes that run throughout our report are first, the focus on science...

If you're going to have effective regulation it needs to be based on the best science.

One, the most significant accident prior to Macondo occurred in Australia.

I really do believe that this is the year for Social Security reform and that the age adjustment from 65 to 67 was accomplished by Tip O'Neill and Ronald Reagan working together.

So means-testing is not cutting anything. It is paying people what you actually can afford.

Can you imagine any scenario where we can save Social Security from impending massive cuts, 30 percent in 2037 or maybe more, or any entitlement program without adjusting the age for eligibility?

There is a moment in time in 2011, before we get into the 2012 cycle too deeply, to find a way to do something meaningful on Social Security that would help our long-term indebtedness.

If we are wise, we will take some parts of what you have done, add it with some of our wisdom, if we can muster any, and do something.

If we do not deepen the Charleston port, that is the economic engine for the State of South Carolina and for the Southeast.