Thank You. I really appreciate it and look forward to being part of the Group.

The U.S.oil industry began drilling in unconventional areas and were very successful. The U.S. was actually producing enough oil that OPEC saw the danger of the US becoming an exporting nation in competition with them. Congress had to change a law to allow it which they did and the US has actually exported one tanker of oil so far. OPEC decided that to stop the US they needed to produce oil at a cost that was below what oil could be produced in the US. Working unconventional is expensive but at $100 per barrel was do-able and profitable. Below $40; not. As long as OPEC especially Saudi Arabia can continue to flow at the rate they are; the US industry can be stopped due to unprofitably. Thanks.