. >> amy myers-geoff jaffe you jut heard him talk about how it would be in the interest of the countrycut production, but it harder than we sometimes realize for them to do it. ecuador is in not great financial shape. nigeria constantly battling physician calling problems inside the country. venezuela, also in very perilous economic state s a hard decision to a country to make to say we are just going to defer this income for now and hopefully make it back down the road? >> well, i sort of disagree with him, i think that what is not well understood throughout opec is just how resilient the u.s. production surge really is. so in my opinion, had opec made some production cuts overtime all of that would have done is encourage more and more drilling in the united states and other parts of north america. the shale boom is becoming more and more productive, companies are able to produce more oil from the same well, using new and better processes. more sand, different kind of fracking fluids and so it will be very hard for opec to really compete against and shut in the u.s. production. and th