Andy Cross

That's close.

And also just the impact changing diesel engines.

How does that all play into the refinery capacity and all that kind of stuff too?

Yeah, fracking had just started taking off at that point, so...

Yeah.

More than half.

I don't know.

Pick a number, Andy.

I'll go a little bit higher.

I'll say 65%.

Okay.

Well, it's interesting the pricing differential too between WTI and Brent and the global price, especially traded over in the physical asset, right?

Like traded overseas after the Iran conflict and how that has really changed.

And a lot of that is, or at least part of it is because of that, the fact that we are a net exporter of our own crude.

I think they only issued like 4% or 5% of the company or something like that, right?

Like $20 billion?

If you back out that, if you go ex-Saudi Aramco, which is its kind of own unique beast, I wonder what the next one would be.

Like a $50 billion valuation, I think, right?

Will we get three big IPOs this year?

There seems to be a little bit of a race to see who can kind of come.