Quote:
Originally Posted by lorenavedon
the last downturn in Calgary was the 90s. 2008 2009 was totally different because the entire world's economies were toast. There was nowhere to go. Leave Calgary and go where? People still needed jobs and Calgary still had more jobs in 2009 than anywhere else in Canada. that's why they stayed. like I said. Economically driven. If the unemployment rate in Calgary was currently %10 you think people wouldn't leave?
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You answer your own question. Leave Calgary and go where?
Certainly Alberta should work hard on diversifying the economy, and try to become the leader in Green
Energy.
http://www.energy.alberta.ca/Initiatives/1509.asp
Tackling the environmental and other challenges facing energy is seen by some as a “price we have to pay” to continue to grow. We accept the concept of cost. Introducing cleaner ways to produce energy will require strategic investment, some of which has already begun. However, this is not all about emptying our pocket books. The future also represents a significant economic proposition to Alberta. There will be plenty of opportunities for revenue generation and, more broadly, sustained wealth creation for Albertans. We believe the extra opportunities will more than offset the investments that will be required.
Alberta can take a number of steps to derive greater wealth over the longer term and in a more sustainable way through its energy industry. They includes optimizing the recovery of our energy resources - tapping more of what we are currently leaving in the ground, developing our substantial unconventional gas (coalbed methane, shale gas, tight sands) and reaching our oil sands resource potential. They include broadening the markets for our energy resources. They include the development and effective export of energy “know-how” - profitably sharing our solutions with the rest of the world. They also encompass the concept of “value-added” - taking our commodities farther along the value chain than we currently do.