we will start with tim considine. tim is the school of energy resources professor of energy economics at the university of wyoming. and director of the center for energy economics and public policy. before he joined uw in august 2008, he was a professor at penn state for 22 years. before that, he was an economist, he had a real job. he was an economist with bank of america forecasting energy prices and interest rates. he also served at the u.s. congressional budget office where he was the lead analyst on studies of the natural gas market deregulation from 1981 to 1983. so with no further adieu, i will turn this over to tim. tim, you have 15, 20 minutes, please, have at it. >> good afternoon, everyone. good afternoon, everyone. as you can see on the slide, i'm going to ask several key questions. we address these in a study. first i want to give you an overview of california's energy position. and then we developed some reasonable scenarios for future energy use, conservation and supply in california. and we look at a ba