with us, james barty, who is michele dellad vigna.king machines east of apple computer. can they sustain those dividends? can they sustain that all in cash returned to shareholders? michele: yes, i think they can and the reason is the structure of the industry has completely changed. we are headed into a low carbon environment where there are -- where the small players do not get financed anymore and the national companies have the dignity to their own countries start an big oil needs to to think about a low carbon future with more gas, more petrol chemical and less oil and less refining. , intal discipline holds some way we are getting more of a bull market on the oil price and a bear market in the industry structure and capex, which sustains higher returns and the dividend you are talking about. tom: the fear of institutional and retail oil people is the malaise. , there was ahell five or six year you are the stock traded at a boring range. in do you avoid the malaise this area? michele: i think the malaise was driven by the terry a