Is There a Risk Capital in the Oil Industry?

The only wrinkle in the oil thesis is that shale is predicated upon cheap debt, which interest rates have driven riskier behavior in lending. The banks ill an o lent. They want him to pay dividends and buy back stock. So there's a lot of pressure on the oil industry. At the time when they should be expanding the fracking and building it up, the fracking is actually going downwell, the price is going up. It should be the other way around. But all of these are definitely, there's always two sides of the coin, yes. That's why you got to read the bears and yougot to read the bulls.