A nice prediction of what Edmonton could become once the inevitable economic Bust hits us.
http://www.edmontonsun.com/News/Edmonton/2008/10/13/7067091-sun.html
http://www.edmontonsun.com/News/Edmonton/2008/10/13/7067091-sun.html
Edmonton after the Boom
- Thread starter Jsan
- Start date
The oil Alberta produces is anything but cheap and should oil drop below 70.00 a barrel Alberta could indeed hit hard times.
Allot of the new Oil Sands production requires at least $85 dollar/barrel to just break even. I have even heard some need even higher prices.
http://www.financialpost.com/story.html?id=770538
http://www.financialpost.com/story.html?id=770538