i am frank verrastro. holding theonor of chair in energy and geopolitics. a couple of administration topics. in the case of an emergency exit, it is down the steps and out the front and we assemble the street from the hotel. you can also take a left going up the doors and that brings you down by national geographic on m street. just so we are good. this morning session, i am excited about. , 2014,st or september coupleues here wrote a of items when people were still talking about coming out of this turnaround really quickly. we thought it would be lower for a lot longer. when you look at the opportunity pool and you looked at what we demand, we bleak were starting to build up overhang and didn't see how you could work it off that quickly. over that time, production has continued to increase. stocks have continued to be built. and the demand-side has gotten weaker and caused concern. about a year ago, we assembled a panel similar to this end it was such a huge success -- almost everyone on the panel nailed this much to the chagrin of the investors and the pa

i'm frank verrastro, senior vice president here and had the honor of holding the chair in energy and geopolitics. a couple of administrative items. in the event of an evacuation which we don't expect that we had before, since you came in the front and we are on the second floor it's down the steps out of the front a symbol across the street from the hotel. you can also take a left going out the doors, come out the back to the other and that brings you don't like national geographic. so we are good. this morning's session i'm really kind of excited about. in august or september of 2014, so call it here at csis -- colleagues -- were a couple of items that people are still talking about the v that we are going to come out of this turnaround a lot quickly. we are looking at the opportunity pool and did look at what we thought was kind of bleak demand, we were starting to build overhang and inventory system and didn't see how you could work this off that quickly. over that time production has continued to increase. stocks have continued to be built and the economic situation on the demand

i'm frank verrastro, senior vice president and have the honor of holding this licensure chair in energy and geopolitics. couple of administrative items come in the event of evacuation which we don't expect but we've had before, sang joo kim in front what and we are on the second floor is down the steps ouat the front assembled across the street from the hotel. you can also take a left going out the doors, come out of the back and that brings you down by national geographic. so we are good. this morning's session i'm really kind of excited about. in august or september of 2014, so colleagues here at csis wrote a couple of items when people are still talking about that we are going to come out of this turnaround really quickly. we thought it would be lower for a lot longer. when you look at the supply coming out of the world and the opportunity pool and then you looked at what we thought was kind of bleak demand. we are starting to build overhang in the inventory system anand in so he could work this office quickly. over that time production has continued to increase. stocks have continue