production at home even as price goes down? >> if people feel they're not going to make their money to get the gas out of the ground it's a disincentive for production. >> how about the housing market? >> i hope first-time buyers will have a better year. rents will rise next year. >> why? >> rents are rising because more and more people are renting. because the population is growing and credit is tight. first-time home buyers are having a hard time getting loans. what i would like to see is the lending standards loosen up. first-time home buyers get in there. zillo did a study that millennials might be able to get in there. millennials are starting to get jobs and buy apartments we'll see that might be too bullish. >> what happens if you loosen up lending restrictions don't you start the cascade of problems we had a few years ago? >> there was a boom but there was a real contraction that left a lot of middle class and