Mr. Keller: Yes, certainly the topic of the day, isn't it? But I think it's still pretty early to know what the implications of this are going to be. The industry has for a long time operated with a pretty safe track record, all things considered, and this is probably the worst accident the industry has experienced in its history, at least in the United States. So certainly there is going to be an increased level of scrutiny from a regulatory standpoint and will probably drive costs higher in the form of more regulation. But in terms of the ultimate outlook on the drilling activity and deepwater development in Gulf of Mexico, I still think it's pretty early to tell what the ultimate fallout will be.
TWST: Is it likely to represent a setback since the Obama administration has been advocating more drilling and now, all of a sudden, it's "Whoops! We got a problem?"
Mr. Keller: I think there's certainly that from a headline perspective. I think one thing that's interesting for people to keep in mind is that even though there was a lot of rhetoric and discussion about opening up new areas for offshore drilling, be it off the coast of Virginia or new federal waters off the coast of Florida, that it was not going to be impactful to oilfield service companies anywhere in the near term. The delay or push out of that is certainly not a detriment, given the long lead time before any benefit would accrue to the service companies. More importantly, it's going to be - what, if any, disruption will there be to the existing development plans that are underway in the Gulf of Mexico? And unfortunately, like I said before, it's probably too early to know ultimately what the implications will be.
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