abe schill ski from hutson. some people have argued that given the ability of the producers to come into the market relatively quickly because they don't -- it doesn't take two or three years to get something going like it does with the deep sea drilling for instance but also to exit relatively quickly because their wells are shorter lives than if you don't don't keep reinvesting you will draw down your production. all of that taken together implies that for the future we should see much more stable oil prices and that some of the things we have seen in the past of these rapid swings in oil because of the inelasticity of supply won't be characteristic of the oil market in the future. i was just wondering what the panelists thought of that very? >> sure. i think that's the whole. the hope is that there's a new and more adaptive oil production system in the united states. what are some of the caveats? one is that at least thus far the major participants in the industry, shell oil have largely been smaller companie