This ain’t the 80’s! And Houston isn’t going anywhere

​​HOUSTON – Expectedly, a dramatic downturn in oil, one that has run even faster and deeper than during 2008-2009, raised alarm about the stability of the Houston economy.

Nonetheless, with oil prices dipping below $30 a barrel reminding us of the bearish Houston economy of the mid-to-late ‘80s, today’s market conditions are vastly different.