I think you're going to see companies maintain satellite offices there, certainly because New Orleans geographically is closer to a lot of the work in the Gulf of Mexico. But as a location for headquarters, it's a similar situation from what you've seen in Tulsa, Dallas and Denver. A lot of these companies have relocated here.

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Generally where you find the top guys, you find the corporate offices relocating.

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My feeling is it's far too fragmented a business for them to have any success finding any predatory pricing, collusion or a gentleman's agreement. The reality is California does not produce enough gasoline within its borders to satisfy demand.

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Both companies had an exceptionally strong performance out of North America.

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