joining us by zoom is professor of energy daniel cameron. how are you doing, professor?g well. how about you? >> doing great. thank you for shedding some light on this topic. what is the price that actually went into negative territory? what does that mean? >> so it's actually the west texas reference price. and that's a domestic price, so it's little lower than what we would get from saudi arabia for example or from canada. the trading price went to negative $37 a dalbarrel, meani producers are trying to give it away, because they don't want to shut down wells. they have people in the field, but nobody is buying it. >> so this is not even just giving it away, it's a i pay you to take it from me. so what is driving this? is it future worries? >> it's a mixture. certainly, it's the current demand that has dropped to record low levels. so they're giving it away, but not to us. they're giving it away to the middlemen. >> okay. wasn't there a deal last week to cut oil production? >> absolutely. but you can't cut it enough. the demand has dropped so low, and the future foreca