How is the industry handling this period of high commodity prices?
I am concerned, and I think the industry needs to do more. We are about to infuse billions of dollars of capital into our industry in building new equipment, new rigs, new analysis equipment, new tools, etc. And we are building that equipment without truly having a plan as an industry about what our needs will be in 2025. The average age of equipment in our industry, if you just look at drilling rigs, depending on what class, is between 17 and 25 years. If everything we are building today will have to service the middle of the bell curve of activity in 2025, are we seriously thinking about, understanding, and designing for the problems we will have to solve 2 decades from now? Unfortunately, we are not, in my opinion. And it is because we have gotten so accounting-driven and quarter-to-quarter driven that it is difficult for the industry to put teams together in collaborative ways to address longer-term issues. I would hope to see, if prices stay in this range, more collaborative activ
