This was the grand opening of the Texas
Oil and Gas Exposition today, and,
yes, it was their
experience. These oils were expected to
be filled with buyers from the oil
industry, but they weren't.
It has been extremely slow.
We have shown to work at a lot
of oil and gas exploration, including
the Permian Basin in Odessa last
year. We had tremendous traffic
and we did sell a lot of work.
Today, most of the sales talk was from
exhibiter to exhibiter.
Not many buyers.
In fact, some sellers were winning the
door. Prizes from other sellers
become a cutthroat convention.
The heartbeat of the oil industry is
off.
Well, I think that everybody
that's in the oil patch at this time
would be glad to go back
to three or four or five years ago.
Even though these exhibitors say this
exhibition is the worst of the year,
they are hoping for better times
during March.
They say the industry is turning around
and they hope very soon.
Dan White, Channel 5, Action News,
Fort Worth.