Tim Stewart

So there's a long tail as to how and when that shortfall is made up.

Yeah, I get asked that question in that form 100 times a day, to be honest with you.

And it's difficult because, again, with the industry being bifurcated like it is, the majority of my members of the US Oil and Gas Association are small independent producers.

We're like farmers.

It's like you when you send the cows.

When you send the cows to auction, you don't set the auction price.

The auction does.

The industry itself, and this is really important, I try to explain this to people, that we prefer stable prices more than anything.

And those prices need to be in that $67 to $85 a barrel range.

And the reason why is because that's predictable for us.

It allows us to do long-term planning, to capitalize on, when you have to capitalize on a multi-billion dollar project, you need that stability.

And these wild swings are horrible for us.

And we don't want that.

And so when the president says, well, I want oil at $50 a barrel.

Well, that puts intense pressure on our sort of golden goose, which is the shale industry, you know, because we actually need $65 a barrel.

But I think when we're in that range.

Exactly.

Exactly.

And anything above 90 is horrible too, because, you know, nobody's going to invest in these wild pricings.

I mean, today's a good example.