Adam hits it out of the park again. The reason for IOC's endless delays (2009, 2010, 2011, 2012, etc.) is that they will never ink a deal with anyone. Shell is laughing at IOC. Ditto XOM and other potential partners. The scam has run its course and Phil will now have to be very creative with new excuses. In about four weeks, millions in calls will expire worthless yet again. How many times has this happened since 2008?