the past and why opec can and this he ate a cut has to do with the new oil order, which is the short-cycle le, the timea when you commit capital and get shrankion has considerably. around one-year, two-year. alix: that's what were looking at, days to production in the permian basin, just a little over 100. if you think about making a production cut, these producers can get oil online and 80 days. it takes 60 days to sale eight ship from saudi arabia to the united states, so they are almost equipment. joe: as soon as we see pricing power, they turn the spigots back on. one of the bullish arguments that people may today is they arabia ande, saudi russia freezing production on its own is not going to change the equation at all, but historically speaking, and we saw this in the late 1990's, a decision like this could set the stage for further action down the line, something more severe, but based on this chart and your reasoning, does that logic still hold? how deep would it have to be to make a difference? terms of today's announcement, from our estimates russia was already producing the highest