"Here we go again. For the fifth time since 1982 oil prices and the rig count have again fallen sharply, bringing adversity to Houston''s economy. The spring symposium will review this growing history of drilling busts, looking carefully for clues to the depth and duration of the current drilling downturn. We will also look at the unique aspects of this event - Saudi intransigence and its basis in the shale plays - for further insight into how drilling might recover this time around. Is the current slide actually well cushioned in Houston - with the potential for substantial help from a strong U.S. economy and a boom in petrochemical construction? Further, as these events unfold, how do job losses ripple through the Houston economy, running from energy downward through oil services, professional services, manufacturing, and ultimately the corner drug store? Which parts of Houston will feel the pain most sharply? And finally, what does this sudden change in momentum mean for a booming residential and commercial real estate industry, caught off-guard in the middle of unprecedented expansion? As the economy cools and outside financing dries up, does Houston finish this economic slowdown with too much or too little residential and commercial inventory?"
http://www.bauer.uh.edu/centers/irf/spring-2015-symposium.php
Need to add an event to the Bauer calendar?