 But you're the CEO of Total, thank you for being on WPC TV. Let me ask you a question, a pretty basic question about oil and gas. Not so long ago people talked about peak oil, which always seemed to me to be not a terribly bright idea. But with the price of oil as it is now, how do you view exploration development in the oil market in the years ahead? You know, there is a direct impact between the price and the cash flow it generates and so the investments, you know. But there is also an impact on the costs of our industry. And in fact, the volume of investments is not only a matter of revenues, it's also a matter of costs. So I would say that yes, the investments have dramatically decreased from $700 billion more or less two years ago to $400 billion. So there is much less investments. And that's an issue for the future of oil production because it's an industry where, you know, every week, every week, every day, every year. So production is declining. There is a natural decline. If we don't invest enough, then we will face in some years a lack of supply. So you're right to say that there was no peak oil, but there is no more peak demand, which is a new theory today. All that is just forget the peaks. Just it's, I would say, accommodative with cycles. When the price of oil is high, you invest too much and demand is low. When the price of oil is low, you invest less, but demand is higher. It's clear that fracking in the US has been a bit of a game changer. What do you think of the future of OPEC? OPEC has a brilliant future, by the way. Look, everybody is waiting for OPEC decision on November 30th in Vienna. And when OPEC in Algiers, two months or more ago, announced that they will have maybe an agreement, the price went up by 15%. So OPEC is there. And these countries represent 30% of the production and 50% of the reserves. You know, so it's a big, huge player. I think that's also true that in the US, you have a dynamic, a share oil production, which is, by the way, 5 million borrowers per day. It's 5%, the world production is not the rule of it. But there is a dynamic, and because of the way that you can, I would say, have a quicker reaction of investments according to the price level. So at $50, some rigs are immobilized, so it will impact the oil production. But again, we need both. We need everything. We need OPEC production, and we need a share oil production if we want to fill the demand. Because the real challenge for the wood industry is that the demand is continuing to grow. And the lower price is even growing quicker. I mean, you talked about the real challenge. Is there a real challenge with climate change? It's still a real challenge for the coming 15, 20 years. No, when you speak about climate change, we must keep in mind the time scale issue. It's a matter of 35, 25 years, 40 years. You know, when you look to be in a three-degree scenario by the International Energy Agency, which was recently updated, you are in a two-degree scenario in 20, 40, 45% of oil and gas. It's not zero at all. So we still need oil and gas. Yes, that's true that the demand for oil could, I would say, stabilize or decline by this period, 20, 35, 20, 40. And so that there, we will have to develop the most competitive oil productions, like in the Middle East. But between today, 2015 and 2035, you have 20 years to go, and then production could change. But are you a company, Total? Does it invest also in renewable energies? Yeah, yeah, we invest. Total has decided to prepare to be a responsible major company. We are the number four major oil and gas company. We will remain a major oil and gas player in 25 years. But we will also be a player of renewables. We have today invested. We have 5% of business today is invested in renewables in solar, in energy storage, in energy efficiency. And I think it's a good policy. By the way, these markets are going quicker to reallocate part of the revenues that we extract from oil and gas. Of course, 90% of that is going to oil and gas, but to prepare the future. Because our ambition is to remain a major energy company in 25 years. I'm sure you'll succeed. Patrick Puyane, thank you very much indeed. Thank you.