it barry knapp of your insides knapp of-- barry ironsides partners is going to be sitting with me.d to jeff head ofgoldman sachs global research. this is bloomberg. ♪ alix: goleman sachs raising its brent oil forecast for 2022 $63 a barrel. joining us now is the man behind the forecast upgrade, jeff currie, goldman sachs global head of commodities research. barry knapp of ironsides still with me as well. what is behind the call? give us that perspective. when you look at what they did friday, one, it was deeper than what most people expected. the crux of it all is a shift to be much more short-term. we think that is critical because commodities are spot assets, versus financials, which are anticipatory assets. oil should be all short-term. taking out that forward guidance i think is critical. a much moreto short-term. they can manage near-term surpluses, what they did in the 1990's. also, the threat becomes credible. if you don't bring production back in line on the very short time, we are going to launch these chips. put it altogether, it is a much better strategy. i think it goes