mark: i'm speaking with tom petrie joining me from denver. ec and saudi arabia in charge, or is the -- are opec and saturday via internet, or is the market in charge? tom: there are those that believe we will break $30 to -- $40 to $30 per barrel. the more progressive it will become, the lower level we reach. when we get to the low levels, that is when we put in the bottom in my view. we may have put it in, but i don't think there will be a big ounce to come from here. if we go even lower, we will get a more powerful self correction. mark: what about opec members that are having trouble balancing their budgets? what dollar per barrel must they have to stay profitable? and how much pressure will that put the cartel under to act decisively you -- decisively? tom: each member will act differently. but you have touched on an important point. venezuela nigeria and iran are all sensitive to these low prices. it's hard to see the first two of those navigating 2015 without some kind of debt default or major restructuring of their financial house. mark