. >> do we want to make apologies to tim brent at the site him speak with you should explain. >> tim brent was one of the three chief economists that judge williams decided. that the fcc ignored in its rulemaking. we talk about analysis but i just got to stick to the economic analysis. with respect to economics, there's really nothing done on this score. to an economist you would have to demonstrate not only does your policy generate benefits in excess of the cost but will out the possibility that some less restrictive alternative like case-by-case treatment could generate even greater net the difference. there's a one line dismissal despite the fact three former chief economists were saying consider less restrictive, there's a one-to-one dismissal no analysis just with the word cumbersome. nevermind the fact that the case-by-case to take care of it zero rating cases which are effectively the same thing to an economist. ..

brent. >> yeah. they also, by the way, if you haven't heard this, tim, but for the audience, opec talking about a mysterioustings to talk about production again in september. i went to doha for the last one. you think anyone can come and opec gets the act snogt. >> i'm not sure they have. it's all about what saudi wants to do and concerned about chinese market share right now. iran's back to pre-sanction levels and a lot priced in here and make no mistake. there's massive cutbacks of producers. seen oil rigs up. it's the sixth or seventh week in a row. this is a lagging indicator. the market is correcting itself. oil is interesting as a buy because sentiment, remember, last week as low as it's been since the lows. >> ari, we are moving the emotion. charts. interesting as a buy says tim. do the charts agree with that? >> taking out the emotion, the charts do agree with that. you're having a most significant buy signal since oil started the decline in june and that buy signal a key reversal week last week and oil traded below support at the 200-day moving average. bears had all the reason to press the sell bu