Comments on: Oil Prices and Houston’s Economy in 2009? http://partnerit.com/2008/11/oil-prices-and-houstons-economy-in-2009/ Business, Technology and Staffing insights from RSA Corp. Wed, 23 Jun 2010 13:54:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Stephen Sweeney http://partnerit.com/2008/11/oil-prices-and-houstons-economy-in-2009/comment-page-1/#comment-4837 Stephen Sweeney Wed, 28 Apr 2010 13:28:19 +0000 http://partnerit.com/?p=37#comment-4837 Gary, My apologies to Dana! I will trust you on this one. I suppose now we have to start fact checking on all Dana's, Pat's, Alex's and other epicene names. I've edited the posting. We'll hope that you're correct! Gary, My apologies to Dana! I will trust you on this one. I suppose now we have to start fact checking on all Dana’s, Pat’s, Alex’s and other epicene names. I’ve edited the posting. We’ll hope that you’re correct!

]]> By: Gary Schnabl http://partnerit.com/2008/11/oil-prices-and-houstons-economy-in-2009/comment-page-1/#comment-4832 Gary Schnabl Mon, 26 Apr 2010 22:49:04 +0000 http://partnerit.com/?p=37#comment-4832 quote: In the same article, the Houston Chronicle shows us an alternate view from economist Dana Johnson of Comercia Bank. She points out that Houston is less susceptible because our housing market is not as artificially inflated compared to the rest of the country. Duh! Dana Johnson is not a "she," but a man... Oh, the huMANity! quote: In the same article, the Houston Chronicle shows us an alternate view from economist Dana Johnson of Comercia Bank. She points out that Houston is less susceptible because our housing market is not as artificially inflated compared to the rest of the country.

Duh! Dana Johnson is not a “she,” but a man… Oh, the huMANity!

]]> By: Dr BLT http://partnerit.com/2008/11/oil-prices-and-houstons-economy-in-2009/comment-page-1/#comment-42 Dr BLT Mon, 29 Dec 2008 08:35:57 +0000 http://partnerit.com/?p=37#comment-42 Above all, we must not give up hope. I like any perspective on the economic crisis that introduces an element of hope. As a psychologist, my take on this phenomenon is that it is psychological, based on fear. The loss of the economy, as we knew it prior to this recent crash, involves a grieving process that I believe will culminate with recovery. The catalyst for that recovery is hope. Follow the message contained in these songs and you'll understand what I mean. Everything is Fallin’ Apart Dr BLT words and music by Dr BLT copyright 2008 http://www.drblt.net/music/EveryThingIsDemo2.mp3 Don't Fear the New Year Dr BLT altered cover of Blue Oyster Cult classic http://www.drblt.net/music/DontFearDem2.mp3 and as I said in my totally original Dr. BLTune... Spread Some New Year Cheer Dr BLT copyright 2007 Frosty Rock Records http://www.drblt.net/music/SpreadDemo2.mp3 BTW, great predictions for a... Future 2 Behold Dr BLT words and music by Dr BLT copyright 2008 http://www.drblt.net/music/future3.mp3 Above all, we must not give up hope. I like any perspective on the economic crisis that introduces an element of hope. As a psychologist, my take on this phenomenon is that it is psychological, based on fear.

The loss of the economy, as we knew it prior to this recent crash, involves a grieving process that I believe will culminate with recovery.

The catalyst for that recovery is hope. Follow the message contained in these songs and you’ll understand what I mean.

Everything is Fallin’ Apart
Dr BLT
words and music by Dr BLT copyright 2008
http://www.drblt.net/music/EveryThingIsDemo2.mp3

Don’t Fear the New Year
Dr BLT altered cover of Blue Oyster Cult classic
http://www.drblt.net/music/DontFearDem2.mp3

and as I said in my totally original Dr. BLTune…

Spread Some New Year Cheer
Dr BLT
copyright 2007 Frosty Rock Records
http://www.drblt.net/music/SpreadDemo2.mp3

BTW, great predictions for a…

Future 2 Behold
Dr BLT
words and music by Dr BLT copyright 2008
http://www.drblt.net/music/future3.mp3

]]> By: Stephen Sweeney http://partnerit.com/2008/11/oil-prices-and-houstons-economy-in-2009/comment-page-1/#comment-15 Stephen Sweeney Mon, 01 Dec 2008 18:10:36 +0000 http://partnerit.com/?p=37#comment-15 WSJ Article from last week - As Prices Slide, Oil Firms Make Tough Calls and Conserve Cash - http://online.wsj.com/article/SB122765910966558385.html - presents the same concerns: "With plunging oil prices and a global credit crisis, there is "no question in our minds that [a] noticeable slowdown will happen in [the] worldwide energy biz," wrote Houston-based investment boutique TPH Energy in a note to investors. "Fear + less cash flow = retrenchment."" ... "To manage their cash, some midsize energy companies have begun trimming their capital-spending plans. So far, the large global companies are maintaining planned spending, though they are delaying certain projects in the hope that construction and engineering costs -- which have soared in recent years -- will come down as the industry expansion slows." ... "The steep drop in oil and natural-gas prices already has had a dramatic effect on companies that are smaller and have a weaker financial position than the global oil titans. These smaller companies, mainly producers focused on natural gas or high-cost production projects such as Canada's oil sands, already have slashed capital spending to make sure they aren't spending more than operations bring in. That is a departure from recent years, when many of the companies spent heavily and relied on debt and equity markets to provide additional cash." WSJ Article from last week – As Prices Slide, Oil Firms Make Tough Calls and Conserve Cash – http://online.wsj.com/article/SB122765910966558385.html – presents the same concerns:

“With plunging oil prices and a global credit crisis, there is “no question in our minds that [a] noticeable slowdown will happen in [the] worldwide energy biz,” wrote Houston-based investment boutique TPH Energy in a note to investors. “Fear + less cash flow = retrenchment.”"

…

“To manage their cash, some midsize energy companies have begun trimming their capital-spending plans. So far, the large global companies are maintaining planned spending, though they are delaying certain projects in the hope that construction and engineering costs — which have soared in recent years — will come down as the industry expansion slows.”

…

“The steep drop in oil and natural-gas prices already has had a dramatic effect on companies that are smaller and have a weaker financial position than the global oil titans. These smaller companies, mainly producers focused on natural gas or high-cost production projects such as Canada’s oil sands, already have slashed capital spending to make sure they aren’t spending more than operations bring in. That is a departure from recent years, when many of the companies spent heavily and relied on debt and equity markets to provide additional cash.”

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