[Hack&Lube]

I fall in that the category of <35, in O&G and don't "professionally" remember the bust but I was also born and raised here and it's vividly burned into my memory when my dad was laid off, all my friend's dads were laid off, and then all my childhood friends disappeared as they moved to Vancouver and Toronto suddenly around 1993. It's more of a childhood trauma than institutional memory but I can definitely comprehend how bad things can get.

Overall, there needs to be an adjustment in costs because things inflated out of control over the past decades. My main concern is if external drivers will cause certain necessities to remain unaffordable in Alberta (such as housing) even if everybody slowly adjusts to a new cheap oil paradigm.

Alberta has been trying to diversify it's economy for 40 years but we're still right back here again because people seem to forget all about it when times are good and they have been, for the past decade.