Quote:
Originally Posted by CaptainYooh
I am surprised there was no discussion about this agreement.
If this does happen, investment in Alberta energy industry will start shrinking and the economic recovery everyone is anticipating soon may not occur at all. This could mean prolonged period of negative in-migration and, in short, a recession. Being skeptical is OK; we all know how much respect did Kyoto accord receive in the past. Also, it is clear that countries without strong resource base raise the rhetoric and push for this agreement harder as they stand to benefit more from internationally supported investment in non-fossil fuel development.
Still, the huge questions are starting to pop-up more and more:
- How do you see Alberta surviving the loss of its primary economic driver?
- Do you see Alberta developing into something other than resource-based economy? How? Why did it not happen so far?
- Is it reasonable to expect our O&G industry to transform naturally into chemical/pharmaceutical etc. industry utilizing the existing hard assets and technological bases?
- On a personal level, many of us are somehow dependent on the success of the Alberta energy industry in one way or another. Do you see yourself and your family moving out of Alberta, if it becomes a stagnating economy?
This could be an interesting discussion if we steer clear of the validity of human impact on climate change arguments and general bitching. |
It's 85 years man. 85 years.
To put this in perspective, 85 years ago was 1930. In 1930, there was the Turner Valley oil discovery, about 15 years old, and that was about it. Leduc wasn't discovered. Coal was the primary extractive industry in this province. The United Farmers had just been elected again, and the province was in the midst of the depression.
In 85 years, we have no idea what the world is going to look like. But I can tell you with certainty it won't look like it does today.