First, slowing the growth of the shale oils is one of their imperatives. They have already lost tremendous market share in the United States. They used to be the number one supplier. Canada's now the number one supplier. Saudi's exporting less than a million barrels a day into the United States, so defending market share is a big part of their goal.
Another part of their goal would be to slow the growth of competitive fuels. Lower prices are going to reduce demand there...to hurt some of their strategic enemies if you will, Iran and Russia. There are a lot of things that play into their rationale, but they are taking a very rational approach from an economic perspective. They are the lowest cost producer in the world.
In terms of our business, yes, it's going to slow down our North American business considerably, but we do deal with Saudi Arabia. We have some systems in the ground in Saudi and in all parts of the world. We have offices everywhere. As long as there is shale oil tight gas resources, our company is there. It's a double-edged sword.
The more hydrocarbons we bring on and the faster and cheaper we bring them on, the less likely the price is to recover to say $100 a barrel, but then on the macro picture, the more that benefits consumers. It's about productivity and we are making the industry more productive.