because production is getting cut back slumb slumb slumberger said there were production declines in an goalaay, mexico, malaysia, china and indonesia and that production in venezuela was in freefall his conclusion, supply is becoming increasingly restricted the implication is prices will likely be higher unless there is a significant ramp-up in production we'll hear a lot about this next week when chevron, exxon, conocophillips all report. the key is whether those big guys will ramp up capital spending to capitalize on the higher oil prices and whether smaller players in the shale space can ramp up production as well back to you, melissa. >> thank you, bob pisani >>> with the energy chart pretty much going up in a straight line this past month, carter says it might be time to take a breather why don't you head over to the plasma to break it down. >> let's look at that straight line before we look at the chart, i want to step back and look at the entire past ten years. if one is playing for mean reversion, ultimately things start out with a bang, we've had the bang, but it takes time and we'r