let's have that conversation with peter dixon from commerzbank. r, we were speaking to the analysts -- they were surprised that the supply and demand equation has come at the balance quicker than they thought. >> yeah, i can see that. i certainly would have thought that the second half of the year, we would see a much greater balance. it has come a little more quickly. back and turn around again. i think the problem is that so long as oil prices continue to go up, you don't force shale producers out of the game and you have this idea that supply continues to grow. we may be approaching limits on the oil price -- it may not that go much above 50. -- local crude rally stocks tend to move in sync with oil and the question we had in january and february weather this was going to do something a lot more sinister, which has to do with growth in china consumption. is this just because of outflow coming? thehat the chart shows is extent to which markets are using oil as a barometer for global growth. stocks are setting off at the same time oil prices are g