Quote:
Originally Posted by burn_this_city
This is a 1-3 year trough brought on by a cheap debt shale oil bubble. Salaries will probably level off for a few years before climbing slowly again. I realize the herd mentality makes this seem like its a permanent paradigm shift, but I'm not buying that yet.
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The point isn't whether things go back up again, the point is that the province needs to shield itself economically from the bust periods.
If a steadier economy means slowing the extraction of resources (through any number of means), then so be it.
Slow, deliberate expansion of resource extraction is in the best interest of all Albertans, and Canadians. Peter Lougheed knew this to be true.