DEREK MATHIESON IS president products and technology for Baker Hughes. The last two years have arguably been among the most extraordinary since the Great Depression, with the double whammy dealt by the credit crunch and violent oil price swings. Although recovery appears to be under way, what is your reading of the current situation and outlook for the oil and gas supply chain? We believe that things are settling down again after the great upheaval. We think we're past the inflection point in North America, but probably still in the trough on the international front. Looking ahead to 2010, the consensus is that we should see a moderate recovery, particularly toward the second half of the year.
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