Paul Thomas Anderson — There Will Be Blood
Joel and Ethan Coen — No Country for Old Men
Julian Schnabel — The Diving Bell and the Butterfly
Tony Gilroy — Michael Clayton
Sean Penn — Into the Wild
Paul Thomas Anderson and the Coen brothers are frontrunners for the Academy Award. Sean Penn and Julian Schnabel are also likely to be nominated. And finally, Tony Gilroy getting a nomination is fantastic! Michael Clayton, I feel, has not been recognized enough this award season (aside from a few acting nods and the occasional Best Picture nomination).