The Perma Bear and the Super Cycle

I think it's so important your emphasis on the super fall rather than super cycle. And I'm really glad I think the timing is working out just right to talk with you about this now. The reason I've picked sort of super fall versus super cycle really is there is an economic uncertainty today that was not there when you and I were teammates back in the early 2000s. So overall, expect prices to be high and volatile that may add up to an overall good period quote unquote for oil prices and overall good period for earnings and profitability for the sector. But don't think anyone should think it's just a smooth line up.