I really enjoyed the way this guy layed out the scenerios. The same market scenerio applies to tdw and its other competitors too just not the same struggle to survive. I am glad that someone else has focused some attention onto the $5 bn of vessel newbuilds that I had been talking about and shouted down on this and other boards. The new vessel building boom will significantly slow down any recovery driven by increased drilling activity. Tdw I feel has no problem in the long term and can only benefit from this slowdown as a market consolidator.