jason schenker is here to explain why.lain exactly what is going on with opec because the markets don't seem to be buying it. jason: this is a surprising thing and i think at the end of the day that they are not really looking at some of the most important data. there was a big buildup ahead of the meeting and i think what you what -- might have seen is profit taking on this decision -- i don't know if people were expecting a more robust decision, but you saw a rollover of production cuts involving 24 different countries rolling into what is going to be the biggest driving season in history in the united states through march, miles -- total miles driven on -- is up 1% year over product inventories have been falling. i would be very careful about this drop in prices. there is a lot of upside. david: have they effectively created a floor? jason: it is difficult to talk about where exactly a floor is, but i would say there has been a supported trend generally since ofil of last year, april 2016 where you have seen almost an u