The Art of an Oil Deal

Although it’s nice filling up my gas tank for less than $20, Texans understand that low oil prices mean difficult times for many companies involved in and those employed by the oil & gas industry.  Actions taken by Saudi Arabia and Russia over the past several months along with the steep falloff in demand due to the coronavirus, which resulted in our lower costs at the pump, have struck a serious blow to U.S. producers and threatened to inflict serious economic damage.

A recent Wall Street Journal article, “The Art of an Oil Deal”, outlined the steps President Trump and his administration took to limit the damage to U.S. companies.  Brokering a deal last weekend between OPEC and Russia to reduce their oil production took significant negotiating effort and creativity by the President in the face of a crisis.  No doubt President Trump called on his “Art of the Deal” philosophies we outlined in our series of “Maxims for Success”.  We share this piece again to celebrate the American spirit, the drive to succeed and the will to overcome significant challenges. 

Click here for “The Art of the Deal”.