with martin lakos, division director at macquarie wealth management. president biden -- is president biden overcooking it a bit or does he have a point? >> he has probably overcooking it a bit. when you look at the statistics, this plan to slowly raise production, there's no doubt the white house wanted to see the fuel pump prices come down for consumers. when you look at the iea's forecast of demand, there's still a gap between demand and supply by about 1.4 million barrels a day, going into next year. that's probably a bit of a swing factor for opec and the opec-plus group. so at this stage, it is a little bit of positioning with regards to the pricing of the end products. from the supplant demand suspected -- from the supply and demand perspective, it is what we were expecting at this point in time. paul: it does invite a response of some sort from the u.s. what are you anticipating, a relief from the strategic reserve or more shale drilling? will that move the price at the end of the day? >> i guess part of opec's calculation is the fact that u.s.