Quote:
Originally Posted by TheDragon
Demand for oil is already at the highest it's ever been, especially with a certain 900 pound gorilla a few miles south of us sucking up 30% of the world's supply all by itself. I'm sure they'd LOVE to be able to ween themselves off of dependence on certain enemies. Now that Saskatchewan has got the Conservatives in, I'll suspect things to change.
But, that's Saskatchewan. This is about Alberta.
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How could one argue that housing prices and economic growth will continue to rise? If you really believe that the world demand for oil cannot grow anymore, then wouldn't it be a silly decision to invest in real estate in an oil-dominated economy like the one we have here in Calgary? If John McCain is elected president of the USA, it'll be bomb bomb Iran, and oil prices could easily rise 50%.