Economic impacts of oil sands development in Alberta
- Thread starter Locutus
- Start date
I believe that the oil sands can be developed sustainably. But I wonder if they should?
Right now the rental vacancy rate in Ft. Mac has climbed to 23%. At last 20K people have been laid off over the past 6 months and the famous grid locked streets of Ft. Mac are eerily empty. Grande Prairie by comparison is still growing and while drilling is down forestry, farming and mining are up.
Sustainable economic development means that more diversity in the economy is necessary. If you build your community around one thing whether that is oilsands or banking, manufacturing or mining you will always be suceptible to the whims of foreign interests, economic cycles even short sighted politicians.
Right now the rental vacancy rate in Ft. Mac has climbed to 23%. At last 20K people have been laid off over the past 6 months and the famous grid locked streets of Ft. Mac are eerily empty. Grande Prairie by comparison is still growing and while drilling is down forestry, farming and mining are up.
Sustainable economic development means that more diversity in the economy is necessary. If you build your community around one thing whether that is oilsands or banking, manufacturing or mining you will always be suceptible to the whims of foreign interests, economic cycles even short sighted politicians.
Oil will hit $75 $80 soon enough
634,000 barrels a day to go before we no longer import. When Energy East is up and running 476,000 will be exported from the east coast. That is a hefty chunk of change.
There is still a ****load to be made in volume rather than price. Price was always temporary as OPEC/Saudis needed $100 to pay for mega projects which Martin jumped at which set off the mega project the Asia Pacfic Gateway with gas anoil pielines in mind and Harper used to bankroll the ActionPlan.
It's about f-cking time Ottawa invested in western infrastructure to up the export game. When all is said and done, we'll be far ahead of the game even with the deal with the OPEC devil coming to an end.
634,000 barrels a day to go before we no longer import. When Energy East is up and running 476,000 will be exported from the east coast. That is a hefty chunk of change.
There is still a ****load to be made in volume rather than price. Price was always temporary as OPEC/Saudis needed $100 to pay for mega projects which Martin jumped at which set off the mega project the Asia Pacfic Gateway with gas anoil pielines in mind and Harper used to bankroll the ActionPlan.
It's about f-cking time Ottawa invested in western infrastructure to up the export game. When all is said and done, we'll be far ahead of the game even with the deal with the OPEC devil coming to an end.
Might want to merge.. basically the same shyte
http://forums.canadiancontent.net/news/135519-albertas-oilpatch-battens-down-changes.html
Also the minimum wage hike to $15/hr
http://forums.canadiancontent.net/news/135519-albertas-oilpatch-battens-down-changes.html
Also the minimum wage hike to $15/hr
With lower royalties in SK our portion of the oils sands just got more lucrative as did our heavy and light conventional crude. SK is the richest chunk of real estate on the planet. We have a plethora of resources and industries that make better returns than oil. There won't be any slowing of growth anytime soon.
It seems it will be the new Bonanza for Canada.. the new economy engine.
With most definatly an NDP or Liberal win for the next election.. I'm looking at returning to Texas this week.
Yeah, there's going to be a demand for it for the foreseeable future and I kind of think Canada will still have lots after Saudi Arabia, Venezuela and the U.S. have run out.
Don't bet your first born on that!
Do you really think any one of them Rockefellers even knew who Tommy Douglas was?
or could f**king care? 
Lay off smoking that crap it's making you say crazy stuff and drool all over your keyboard.
Venezuela has almost as much tar sand as Canada and they haven't even touched it not do they have any plans to-yet.
Neither of them will reduce oil sands development.
Crazy stuff? You don't like reality?
They don't have to.. they are raising both royalties and taxes on emissions. They will price them out of business or make it too expensive to business in Alberta
Okay... check out this link.. PROVINCE DID!!!
http://forums.canadiancontent.net/news/135519-albertas-oilpatch-battens-down-changes.html
Alberta NDP are like a bad Fluff movie.
THAT is a distinct possibility, Rachel (I thought she is smart) is talking now about raising the minimum wage to $15 by 2018. Poor girl hasn't thought that one through very carefully.
Yup she raised royalties and emissions tax and minimum wage all in less than a week.
OK whatever.. you're not reading what I pointed out.. enough..
The minimum wage is just talk and of course that's all it will be for the foreseeable future.