Location: Beef and Bacon Country
Posted on: 09-12-05 13:26:18
In 1985 and 1999 when oil prices crashed the people just dropped thier house keys at the bankers and left the province as they could not make ends meet or pay their debts.
Quote:
Orginally posted by madcow
Bitter cold in Alberta - well yes, but once it drops below -10 how does it matter? It's too cold anyway....and we have health tax in Ontario too....my only reason for hesitating to move to Alberta is that everything seems to revolve around oil, and what happens one day when the oil industry goes into a downturn? Is there something else to prop up the fortunes of the province?
Quote:
Orginally posted by rajand
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"Ever dance with the devil in the pale moon light?"
"I always ask that of all my prey."
"I just like the sound of it."
<my only reason for hesitating to move to Alberta is that everything seems to revolve around oil, and what happens one day when the oil industry goes into a downturn?>
No one seems to say that about Gulf.
Location: in the heart of Mrs Saga
Posted on: 10-12-05 07:38:14
Quote:
Orginally posted by LD
No one seems to say that about Gulf.
One reason is that the cost of extracting oil is far less in the ME as compared to Alberta.
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Deal With Reality or Reality Will Deal With You
Location: in the heart of Mrs Saga
Posted on: 10-12-05 07:46:16
Quote:
Orginally posted by NorthAlberta
In 1985 and 1999 when oil prices crashed the people just dropped thier house keys at the bankers and left the province as they could not make ends meet or pay their debts.
IMO, the days are gone when oil prices used to crash. We've seen peak oil already and prices will most likely increase in the coming times.
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Deal With Reality or Reality Will Deal With You
That is what they said about Titanic. it is unsinkable.
IMO, the days are gone when oil prices used to crash. We've seen peak oil already and prices will most likely increase in the coming times.
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Oil prices will not increase tremendously but boom in Alberta is here to stay. China following high enery footprint model like USA will only cause higher demand, Renewable energy only becomes economical and viable if cheap energy supply becomes unreliable (like in violence prone gulf region) or unavailable (due to lack of refinaries , hurricane etc.) In lack of that.. Alberta boom will continue.. I would much rather worry about effect of that on regional imbalance and stability of Canadian union. One province with such independent minded populance having so much economic leverage is not a receipe for stability .. but that's neither here nor there.. Meanwhile it's party time in AB!
