As the result of our purchase of ARCO Alaska, we acquired some 8 trillion cubic feet of gas on the Alaskan North Slope. With the demand curve that's forecast in the lower-48, we believe we'll have a market well before the end of the decade. I plan to tell you more about our company's plans for natural gas. But first, I'd like to say a few words about gas markets, in general. As you've heard many times this morning, supplies are tight.
Prices are at their highest levels in recent history.
And demand is steadily trending upward. The point I want to make is this. Our country has the natural gas to meet our needs today and well into the future. Supplies are not the problem. The challenge is to develop and deliver them.