The flipside is that it has likely made any future contract...

The flipside is that it has likely made any future contract worth very close to $12. I can see an inadvertent floor being put in place by producers, as the government has effectively created a fixed market price. I wonder how the legislation will be worded and what loopholes will exist - I can imagine companies trying all manner of side payments to secure supply. Yes, price is a factor - but the elephant in the room is that there is a rapidly approaching situation of more demand than supply....what will be needed for a purchaser to secure a contract? I'd say we will see some interesting upfront payment style arrangements as purchasers try to differentiate themselves from the competition.