Bill Flores actually said...

Do we do anything like that in the deepwater drilling business in terms of the way to control accidents?

I believe whole heartedly we need to go with accrual accounting.

We assume that we can raise taxes to high levels and still grow GDP at four percent real rates. That puppy does not hunt in any world.

I think both elements are important: process and leadership. And I think the process needs to trump in the case the leadership does not show...