While few people are suggesting that the energy bubble will burst like the housing market, it is likely to cause ripples and may affect other industries. Mitigating this, lenders accept losses as a cost of doing business, and tend to be forward-looking on matters like this. We expect lenders to look hard and long at energy sector financing, but to remain open to lending in other sectors in general. We think the big issue for lenders and the economy will be the reversal of the Fed's quantitative easing. Clients considering project financing should be building relationships with lenders now, particularly since we believe we are on the back half of this economic growth cycle.