the 1st speaker we have is doug zigler. financial market economist a former analyst for the canadian department of national defense. trust. trust me, if they're is anything about the candidate energy industry that he doesn't no, it's not knowledge. an ma from johns hopkins university, a student of the late great for water jambi. a keen understanding regard to energy policy and i'll add the festival. so we have with us someone who understands the importance of harmonious proportion in the musical sphere as well. i want to welcome them and have them speak to you on the economic consequences of this historic oil price drop [inaudible conversations] >> good morning. i'm hear to talk to you today >> >> pretty much to consistently since 2011 when the boom of u.s. oil production commenced. with a 1 billion barrels per day oil over the last three years 20 million only incremental barrels per day this upsets the order of global crude prices but that our rich rice has grown to the point rand has become extreme. most believe this mean