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GUEST: THERE ARE MANY FACTORS. 8-9-YEAR LOWS. SO I ADMIT MY TARGET LOOKS AMBITIOUS. THE THINKING BEHIND IT IS PRODUCTION IS ROLLING ALREADY. WE KNOW IT IS HIGHER THAN WE THOUGHT IT WAS GOING TO BE. THE QUESTION IS GOING TO BE HOW FAST, HOW FAR? NUMBER TWO, DEMAND IS GROWING. VERY UNDERPLAYED. YOU TALKED ABOUT HOUSING STARTS. THEY ARE WAY UP. IN THE EMERGING MARKET, NOT GREAT BUT NOT BAD EITHER. THE CONSUMER IN CHINA IS SPECIALLY. EUROPE IS NOT A HEADWIND. THE FIRST TIME IN FIVE YEARS. THE NEXT BIG SHOE TO DROP IS THAT WE NEED TO SEE THE CLIENT RATES KICK IN. IF YOU KNOW THAT IT IS A 4% PER ANNUM WE NEED TO ADD FOR MILLION BARRELS OUTSIDE AMERICA AND OPEC TO STAND STILL. THAT IS NOT GOING TO HAPPEN AT THESE PRICES. JOE: -- THIS GREAT CHART WE ARE LOOKING AT SHOWS OIL BARREL