outputting oil. then of course you have this issue with the inflation pressure and what the high price means for the global economy and everyone is really nervous about inflation at the moment. ~ , ,., , nervous about inflation at the moment- nervous about inflation at the moment. ~ , ,., , , nervous about inflation at the moment. ~ , , ., moment. absolutely. in terms of the us shale moment. absolutely. in terms of the us shale producers, - moment. absolutely. in terms of the us shale producers, one i the us shale producers, one has to be a little bit careful that the financing, due to climate considerations, due to fob profitability, of the sector has been actually very low of late. i think their capacity to increase output is actually probably less than a lot of people were actually estimating. eitherthat people were actually estimating. either that as it may, it is obviously a key issue for central bankers and it has been, whichever inflation measure you look at, whether it is