efficient way to invest. >> this thing is up 33.6% in one year. what do we do for investors that think they might have missed the boat on this? >> any time you're look the at the price of oil that might be speculative, there is always a chance it could have short term correction. but if you believe in the long term that there is tremendous strategic risk in the middle east and that we're getting recovery in the developed markets like the united states, that means long term the price of oil is going to go up. so you might get short term corrections, but if you're thinking long term, you want to own it and this is the way to own it. >> you looked at all those factors i just talked to fadel and lex about, and bottom line is none of them point to a decrease in the price of oil over time. >> no. you can have a short term decrease, but the price should go up over time. >> let me ask you about hedging. this funds has a lot of