Rich Diaz

Find the oil, then get it up and running.

And then once that giant machine, because that's really what these oil refineries are, start sort of moving, there's an incredible amount of inertia.

And it's extremely A, expensive.

And I would argue, as I understand, it's really not good for the actual...

asset itself to turn it off either.

Right.

So these assets, so these, these machines effectively, that's what a refinery is, are designed to work at certain temperatures with certain outflows to meet certain demand.

And in order, and to, when you ramp things down, there's also a cost to that.

And so it was like, it's all, there's all kinds of frictions that we never ever think about because we live in a world that we mostly take for granted.

And I think that what you're describing, Keith, is exactly that.

So if and when they do, because they cannot get any out, they cannot remove the oil from their current, let's say, short-term inventory, if they do decide to turn it off, that itself will take a lot of time.

It'll be extremely expensive.

There might be some damage.

And then to ramp it up again will then take another chunk of time and it'll be expensive and et cetera.

You can already see it.

The export data came out a couple of days ago for March 2020.

And our goods trade balance is now back into positive territory on the back of higher mineral and mining exports and, of course, energy.

But genuinely, like, so it, we saw, you know, we saw it affect, we will see it in our Q1 GDP numbers.

I'm certain of it.

It was like, it was a humongous, we can maybe share that chart.