. >>> joining us now to talk more about oil is samir samana with wells fargo investment institute. good to have you with us. welcome. we promised at the top of the broadcast that you'll tell us what happens next with the price of oil and what happens after that. so go ahead. >> in the coming months the most we can say is prices will remain volatile. we've obviously seen the low 40s, back up to the low 50s, and then back into the low 40s. it could get into the 30 $35 area because that's where a lot of the producers start to sweat it out especially in the u. in the near term probably much more volatility. but that probably gives way to underinvestment. a little bit less production. as demand comes on in the second half of the year probably higher prices. >> how much higher if indeed that demand does come in the latter part of the year? what's your upside target for oil? >> you know we've got a year-end target of $60 to $70. but that might be probably something that spills over into the first half of next year. but we do think fair value for oil prices much much higher. but all the di