Thank you and good morning. It’s good to be here for another meeting of the Energy and Environmental Markets Advisory Committee. This meeting is particularly timely given the multiplicity of challenges that energy end-users face today, including volatile fuel prices, global pressures and the reduced capacity of their traditional counterparties – the banks – to enter into transactions because of their own capital pressures. Thus, as a general matter, I am very interested in hearing from our market participants about how they are coping in the current environment.
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