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#-3 · 10-21-2014, 07:32 PM

I think one thing that Calgary has going for it if the O&G industry busts, is the economic infrastructure is vary useful to any industry. Calgary has Offices, Warehouses, Hotels... If Oil moves out all of the infrastructure and labour will go down in cost, other industries will find it useful and move in.

I think its far scarier for places like Fort Mc & Edmonton, where its well services and processing, An Investment Firm or a Tech company could use cheap and plentiful office space available in Calgary but they don't need the Mine or Rig Manufacturing Yard. The biggest problem for Calgary is 4 or 5 million people (when oil goes bust) is such a small economy the far, far worse problems in the north will drag us down with them.

10-21-2014, 07:32 PM	#2597
#-3 #1 Goaltender Join Date: Mar 2008 Exp:	I think one thing that Calgary has going for it if the O&G industry busts, is the economic infrastructure is vary useful to any industry. Calgary has Offices, Warehouses, Hotels... If Oil moves out all of the infrastructure and labour will go down in cost, other industries will find it useful and move in. I think its far scarier for places like Fort Mc & Edmonton, where its well services and processing, An Investment Firm or a Tech company could use cheap and plentiful office space available in Calgary but they don't need the Mine or Rig Manufacturing Yard. The biggest problem for Calgary is 4 or 5 million people (when oil goes bust) is such a small economy the far, far worse problems in the north will drag us down with them.