First oil ///

“To everything, there is a season, and a time to every purpose under heaven. A time to plant and a time to harvest that which is planted. A time to break down and a time to build up.” Ecclesiastes 3:1-8. It’s amazing how quickly the world can turn upside down. Most of the oil industry professionals in my age bracket (64 to be exact) were looking forward to closing out our careers on top. We expected to win laurels for achieving record profits for our enterprises with WTI crude price above $100/bbl. Since late 2014, when WTI dropped with a thud to $45/bbl, we’re having to scrimp, cut back and innovate, just to survive for the umpteenth time (four to be exact during my career). How do we climb out of this latest downturn?

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