Among the bright spots for Honeywell are aerospace, where the company plays in the mid- to large-size business jet market, along with its performance materials and refining businesses. Cote detailed Honeywell's modular refining products for oil shale drillers, which offers on-site oil and gas processing in as little as a one acre site, and the equipment can be constructed in as little as 60 to 90 days. That market, he said, is growing worldwide. Other areas of opportunity for Honeywell include energy conservation, where Cote said many buildings can still save 20% to 25% on their energy bills just by using the latest HVAC and insulating technologies. Finally, when asked about Cote's efforts to reform Washington with FixTheDebt.org, Cote said there are now over 100 CEOs participating in the initiative. If everyone works together, our nation's debt problem can be solved, he said.