Good grief, I finally have time to review the slides and CC.  I immediately recognized that the breakdown of cost per gallon was a review of the HISTORICAL numbers before I even hit play.

The slide before "Breakdown of Cost Per Gallon” is the COGS for 2012 and the slide after is a charge of the COGS for 2012.  Obviously the breakdown was for 2012 and not forward-looking.  2012, as I've have mentioned about 250,000 times so far, included one-time costs, HTF trials, stack tests, etc. etc.  It was not representative of the future.  Those costs will come down significantly, starting in Q1 2013.

Listening now.  I'll let you know if I jumped the gun, but I doubt it.