The Future of Oil and Gas in Houston

I read this quote on an article in the Houston Business Journal:
"Houston’s multifamily apartment market is cooling amid the oil slump. Rent growth is slowing, vacancy rates are rising and the pipeline for new apartment projects is drying up."

I am right smack dab in the middle of the oil and gas industry. Every project I am on is new construction and based on everything I know about this business, I have no idea what's going on. One day I hear we are headed back to $70.00 dollars a barrel and one day I hear that we will be here for the next 2 years. What I do know is that the lower cost of light crude ($32.91 at this post) is affecting Houston in a negative way. The housing market is past it's peak and it will soon be a buyer's market

My investing strategy is BRRRR and based on the downturn of the market, probably not the greatest strategy, but I have something going for me. I have a 6 figure a year salary...for now. There is work on the books for the next two year, but that can change in an instant and even though the work is there, it's not as busy as it was last year or the years before. Even with everything up in the air with my career, I'll trudge ahead with my investing; keep my debt to income ratio low and buy as smart as I can. If I can get through 2016 with a job and buying as many rentals as I can, when the oil price recovers, I'll be sitting pretty. I'll have laid the foundation to a full time investing career and not have to rely on oil and gas strictly.