Necessary, not Sufficient
Column Published in syndication April 15, 2020

Since the beginning of 2020, oil prices have fallen from the upper $50s per barrel to $20 or less. Needless to say, the fallout has dramatically hit major production areas, including those in Texas. A recent agreement between OPEC, Russia, the United States, and other nations is a clear step in the right direction, though it won't solve the problem immediately.