The Algar $ is debt $, not a good idea to use it to buy back shares. Also looking at the $flow charts we need our cash until algar is producing. Dip in oil prices is only temporary, supply demand is still out of whack, even with recession oil demand is still higher in 2008 than in 2007. Build algar (takes a year) get it ramped up and by the time it is producing the prices will be back in line.