There's a good chance that we see $70 oil soonThe Saudi's or running budget deficits, The rigcounts in the last six months have come off 60%, North American marginal oil producers have 50 to 60% decline rates, so we will start the see them start to put more rigs back on to try to grow their production and to improve cost . The truth of the matter is that they need $80 oil . The Saudi's need $105 oil or otherwise the Saudi's budget deficit going to get larger and larger . Let's see it play out .