Editorial Comment ///

What a difference a year makes. There’s a saying in Houston – if you don’t like the weather, stick around, it’ll be different tomorrow. There should be a similar adage for the oil patch. Last February, we were counting on OPEC to support oil prices by cutting its production quotas. Now, almost everybody hopes OPEC can boost production enough to stave off the very high prices that would dampen demand and put the world’s economies in jeopardy.

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