Question-and-Answer Session
Thank you. [Operator Instructions]. And our first question comes from Rich Repetto from Sandler O'Neill. Please proceed.
Richard Schaeffer - Chairman
Rich, how are you?
Richard Repetto - Sandler O'Neill & Partners L.P
Good morning guys, congrats, another solid quarter. I guess the first question is for... more for Jim I guess or Rich. But on the regulatory front, it seems like yesterday, the House rejected another bill. I am just trying to see, where do you think we are going with this? It seems like the extremes in the political process have been moderated and you have crude coming down. I'm just trying to see what's your outlook on this regulatory issues and political issues that are going on down in DC.
Richard Schaeffer - Chairman
Rich, surely, that's for Jim to answer, but I do want to mention that Jim has been running down in Washington phenomenally [ph]. But spending quite a bit of time down there being very proactive in what the right thing for the industry has been. And I think Jim and our team down there have been very productive at providing insight to the leaders here. But I'm going to turn that over to Jim.
James Newsome - President and Chief Executive Officer
Thank you Rich. Certainly, there were some extremist views taken and some very emotional views taken early in this debate, Rich. We think the cooler heads are starting to prevail not only from policy as it regards to different market participants. But I think the Congress is also recognizing through discussions with many, many people that they are not going to solve the pricing issues until they address the supply side of the equation as well.
So I think you've got a lot of the moderates, more conservatives insisting that the supply side component has to be a part of the overall energy package that passes through the Congress. Some have not gotten to that point. I think they are quickly getting to that point and my guess is after the August recess, we'll see much more general discussion about how to address some of the concerns regarding certain market participants as well as the supply side of the equation.
Richard Repetto - Sandler O'Neill & Partners L.P
Okay. Okay, that's helpful. I guess moving on to another subject. I was just... well, I should have this, but I don't have it right on my finger tips is just the percentage of volume. You are seeing some really strong volumes in the natural gas area, and just trying to see what percentage of overall volumes, because there is... your volumes are differential or separate themselves a bit from MYCE [ph] volume, but without them having nat gas in their futures volume.
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