Carr Ingham

To incentivize a greater level of supply.

To incentivize a greater level of supply.

That's Econ 101 right there.

That's Econ 101 right there.

It's just virtually impossible to have any kind of meaningful...

It's just virtually impossible to have any kind of meaningful...

increase in production or supply in that period of time.

increase in production or supply in that period of time.

The system just doesn't work that way.

The system just doesn't work that way.

There's not a spigot.

There's not a spigot.

There's not a valve.

There's not a valve.

Then they have to go out and line up a rig and a crew.

Then they have to go out and line up a rig and a crew.

Typically, we see the rig count begin to react within a few months, and then we begin to see production react another couple of months after that.

Typically, we see the rig count begin to react within a few months, and then we begin to see production react another couple of months after that.

Any time it goes up just means more regional crude oil and natural gas income that then gets spent somehow in the economy process.

cities... There's a sign downtown in Midland, Texas that has the price of West Texas Intermediate Crude Oil posted.