Today the prospects of a drop as big as 1988 have already sent prices about 50% higher since June. The difference of course is the markets are much more sensitive now to supply shocks. I'm not an economist (my standard excuse) but from what I can tell it has a lot to do with low stocks, which in turn has a lot to do with ethanol and other inelastic sources of demand. So the question about a new normal is also partly about whether the market situation is the new normal. I'll leave it to the real economists to answer that one.