How's this for backing it up?

Moody's, JPMorgan economists: Houston, maybe Texas heading for recession - Houston Business Journal

Houston We Have A Problem: JPMorgan Says Texas Recession In 2015 | Seeking Alpha

"Houston, You Have A Problem" - Texas Is Headed For A Recession Due To Oil Crash, JPM Warns | Zero Hedge

Moody?s economists see recession for some Texas cities, not whole state | Dallas Morning News

Turmoil is coming to Houston area's economy - Houston Chronicle


But that isn't the scary part for oil industry dependent Houston and Texas. Here's Cushing's storage; it's at record levels:
Weekly Cushing, OK Ending Stocks excluding SPR of Crude Oil (Thousand Barrels)

And you'll find the same thing at PADDs throughout the US. To the point where many storage facilities are now limiting the amount of refined products that refineries can put in storage (there's also a glut of refined oil products).

These are all-time record highs in oil and petroleum product storage. So anyone thinking that oil prices are suddenly going to increase hasn't been watching the oil markets very closely.


Edit: None of us pilots asked for this merger. Except Smisek and Ex-Con senior management/BOD, who went to Tilton to block United from merging with US Airways. Smisek recognized that if he didn't merge with United, the only dance partner remaining was American and with route overlap, both American and Continental would have faced massive cuts.
So either stop complaining about a merger that Continental management pushed for or go find a job that you're not going to be miserable at for the rest of your career. LUAL pilots didn't make this merger happen.
To back up this edit: http://www.cleveland.com/business/in...l_negotia.html