In the time we have left Anand talk a little bit if you would about India and China.

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If the U.S. government no longer affords dual capacity tax treatment, we can expect China to flex even more muscle, as Chevron, ConocoPhillips and Exxon Mobil are left on the sidelines.

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"We had a tech guy in Macau who was able to set the stone, which to this day has never left China, " Hughes said.

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