Gotta say your gauge of 9% snap back and 3% per for 5 year contract sounds weak. Over two years waiting, so its really only a 3% raise then cost of living going forward? I have just been assuming a 7-10% instant plus 3% per year we wait (which would give us about 13-16% right now) then 4% per year at least, so we are at a minimum improving our life style every year. While I realize that pay rates are not everything, if we are getting trip rig down to 1 for 3, then minor pay rate changes would be fine.

I was really hoping for a 11-13% B fund not an 8. Who knows, it will be nice to see where this winds up.