 We're glad to have you with us this morning. Pleasure to be here. And Michael will be making a statement at CSIS this morning that will be available on our website. So it's been 15 months since you've been on the job in the wake of Macondo. You've done a variety of different things over that last year and a half, including reorganizing the Bureau, setting up new regulatory standards for safety and operations and protocols, recruiting new people to fill the capabilities. As you look back on the last 15 months, what are kind of the major challenges and maybe accomplishments that you'd like to think about? Well, you've just touched on some of them. I came in in the midst of a crisis. The oil was still spilling into the Gulf of Mexico. So we faced the immediate challenges of dealing with that and the immediate aftermath of that, including the deep water drilling moratorium. And then very quickly, we needed to turn to reorganizing the Bureau, which I'm going to talk about in more detail today, to really allow the missions of the multiple missions of the agency to be pursued with the kind of commitment, dedication, and focus that MMS historically was not allowed to give because it had too many and some conflicting missions. So those are the circumstances under which I came in. The reorganization really from the beginning has been the long-range goal. And we're delighted, obviously, to be approaching the completion of that, which will be just a few days from now. But I think what gives me and my team the most satisfaction is the sense that we really have accomplished a tremendous amount in terms of enhancing the safety of offshore drilling, enhancing the environmental protection associated with offshore drilling, tightening up ethics standards, and really giving a change to the culture of the agency in a way that I think the agency needed. The reorganization has done another thing, which is we created a number of new and very important functions. We brought in some very talented people from the outside to inject some new blood into the organization. So it's a body of work that not only I, but my entire team, we're very proud of. The Gulf is safer in terms of process protocols, safety equipment, containment equipment. What are the prospects for international cooperation? They're excellent. We've actually done a lot of work on the international front. We have a series of programs that we work with the State Department to provide technical assistance to various countries that are just getting into the game of offshore drilling because we think it's important to help them as they enter into this world. We're also dealing quite frequently with our regulatory counterparts in the North Sea and elsewhere to see what we can learn from them and what they can learn from us. So the level of international engagement that we're now involved in, I think, is at an all-time high, and we're determined to keep that up because we think it's in everyone's benefit to have that at a high level. Not to say that there will ever be necessarily international standards that are universally applicable. That's not the goal here. The goal is to learn from one another. So the question on the Arctic, a special set of circumstances, what's been your experience when you look at the risks in the Gulf of Mexico versus the Bulfur or the Chepche? Well they are very different, obviously very different kinds of environments, both in terms of the amount of exploration and development that's taken place historically and with respect to the kinds of challenges that exist. And so we have been focusing very closely and very carefully on the special challenges presented by the Arctic and in particular with what to do in the event, unlikely event, but the event of an oil spill. And so we are focusing very intently on those issues and are determined to be satisfied that there are credible plans in place in the unlikely event that there is an oil spill. Lots of things are different. The depths at which wells would be drilled, much less, pressures lower, but we've learned all too painfully from the condo that low-properability, high-incidence events need to be taken into account when evaluating both plans to drill and applications to specific permit applications. And so we are going to continue to focus on those as we move forward in the Arctic. Excellent. Michael, absolute pleasure, right man, right time. Thank you very much. I appreciate it. Thank you.