Quote:
Originally Posted by Wookie
Sorry, I might be missing your point. But high NG prices? Causing a problem in Calgary housing? Aren't high NG/oil prices -> a lot of cash -> speculation what got housing to it's current pricing?
I thought the income and earnings and jobs from high energy prices is what got Calgary booming? I'm sure (most) people could offset the increase in heating
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Some people are naturally hedged depending on the sector they are working in. NG prices is a broad term and although Oil prices have firmed up Natural Gas prices are still historically low. It will take Natural gas prices at $12 to $14 to see my point. Take your Enmax/Direct Energy bill and tripple it. Some people won't be able to offset this increase as they are already tapped out as they over extended to buy into the "booming Calgary market....I hear people complaining about the cost of groceries in this city so I am sure they would be in shock if nat gas were to revert back to its mean....