l. l. c. always a pleasure. to have you on our tabio. i know that are we know that is to say that hurricane ida forced to shut down of oil production in the gulf of mexico, which had caused all prices to go up before the storm weekend. beyond that, what is the state of oil amid these increased cases of the delta? very well, i think the the hitting the gulf coast rapidly. right. there was a shut down oil production oil platforms in the gulf shut down. so there's a spike. the end of the oil prices due to that, but that looks like it's behind us now. it has weakened quite considerably. so there's no exc and the long term impact in terms of production. i think on land the, there's some power outages and that remains to be seen how that will unfold. but it's looking like there's some pretty severe power. outage is not going to hit the refining capabilities on land. and the gulf coast is a very, very big refining sensor. so what we like to see there is a burst of prices for the downstream product. so for gasoline for heating, oil for kerosene, thinks about sold. so crude oil seems to be a k, at least inheritance terms of either, but certainly the delta varies having a big impact there. lot of crude oil funds, wayne's transportation that was on the deltacare and the way on that was on line. seen cancellations and reco cancellations. having that, so that's gonna weigh very heavily on that. so we're already seeing the impact as you point out in early august. we were up about some type those of our that's come down with 20 percent. so it's weighing heavy already on in terms of oil prices and it took ok, class members, specifically the car out the fact that leader saudi arabia and the united era veterans to come to terms on this latest increase even with demand starting to weigh. do we expect the group to change its policy? come wednesday? i did it. they're going to change wednesday, but open house throughout the crisis throughout the kind of crisis manages our quote and production levels are very, very careful. closely. now back in april of 2020, we basically saw oil prices krazer over responding quite quickly by cutting and re slashing production closes. so they've managed the oil prices very, very carefully. and i think that on the very effectively, i would expect them to be looking at this very, very closely again to see the new flash production. again, i think the power to the risks look as if they are going to do that. so maybe not on wednesday, but certainly in future meetings, i would expect them to better have to consider that. and you think after they had such an issue coming to terms with that latest increase of $400000.00 barrels per day. and i know it with a lot of, you know, who got what and where to came from. but do you think that's going to take, make any issue for opec plus when they try to come to terms on maybe an agreement as you know the delta very, it continues. well, that's a very good question and i think is a little dancing and promising around people with before they reach any sort of agreement. and they make it seem from some sort of historic event. but it seems they do the things that they're in the, in the interest of the cartel ultimately. anyways, so i think they'll do this again and go through that process and they might be some theater back and forth in terms of fight between the u. e. in savvy, but ultimately i would expect them to cut the production again as we see sort of things slow down. once again, i want to take a look at kind of some broader economic news coming out monday as well. europe largest academy, jeremy reported its national inflation rate grew to 3.9 percent in august the highest level since december of 1993. while consumer prices rose 3.4 percent. i 13 year high central breakers are saying this is just temporary. i know where have we heard that before octavio. but is this all about supply chain disruptions in germany? what are we thing there? it seems to me that head of the right bank in 1923 and early 1923 said exactly the same thing. is that the way this is a temporary thing just before the country devolved into a state of hyperinflation. so i'm not, not so yes, the thing is temporary, but the, the european central banks pursued an unbelievable monetary policy. of course, the past 5 years basically yields on 10 year bonds have been negative since then. they've got positive for a short period time, but essentially negative for the past 5 years. that makes no sense. the common that is pumping a huge amount of money into the economy. and it's surprising that it hasn't more inflation already. so we're starting to see this inflation we are type, i didn't think it's going way. i don't think it's gonna be temporary. i think when for a long about of inflation for years to come out. and now, coming back to the whole more central bank news, the mass cheap economist told the financial times that if the u. s. federal reserve were to withdraw, it stimulates measures sooner than expected. it could have a huge impact on emerging market. even thing $4.00 trillion dollars could be wiped from global gdp if there was emerging market, where to face new waves of coven infections and the fed ramp down it's policy. what do you make of that assertion? well, i'm not aware in the clinical literature of a single pace of code being cured by monetary policy. my low interest rates. so maybe they're on to something that i didn't know. the real problem is, of course, economists get shut down important segments on work anymore. and it's hard to see how low interest rates actually address that. so i don't think it's going to work out this time i, i think low interest rates have their place perhaps in terms of policy instrument. but to think that you can weigh lay the impact of cobit by the loan straits. i just don't see how that supposed so remains to be seen. i doubt that's going to really help in any way meaningful able octavia moran, the ceo of oper miss l l c. thank you for your insight today. thank you. and after a summer of economic rebound for the countries of the european union, the block is recommending member states hall non essential travel from the united states. after it was added to the safe list in june, the decision comes at the delta very has spread like wildfire in the united states with the nation seeing the highest number of cases since january of this year. the news could come as a major blow to taurus related academy such as grief which saw 51 percent increase in taurus revenue in the 1st half of this year. but the u says the decision will not take away the quote possibility for members states to lift the temporary restriction on non federal travel for fully vaccinated travelers, the u. s. would not be alone in this travel band. however, as other nations, on the blacklist include israel, lebanon, and several baltic states that are not part of the apple and google are about to get hit with a whole new set of regulatory