Chris Martenson: Is that where you are? So in your estimation, conventional oil has peaked? I think that’s in the rearview mirror, but you’re now going out and saying all liquids that we would call oil; forget about the funny stuff out there, the ethanol and whatnot, but in terms of stuff that comes out of the ground we would call oil, we’ve peaked?

Nate Hagens: Well, I’ve stopped paying attention to that, Chris, because I don’t think it really matters. I think Peak Oil is a constraint going forward, but it’s not the real driver on the energy side. It’s that our marginal cost keeps going up for liquid fuels, which are basically the hemoglobin of global trade and global commerce, so that’s relevant. But whether we have another million, or two million, or two million less, isn’t the real story. We’re not going to be able to meaningfully grow something that the entire world depends on, and so I think all this bickering about which month or which year is the highest is missing the point. And then I’m sure, we’ll probably touch on it later, the greater threat right now is not Peak Oil, but Peak Debt or Peak Credit, and that’s the much more clear and present danger.