Quote:
Originally Posted by polak
It still strengthens the price cap at around $50-60 right?
Thats still a blow to Calgary. I really doubt this city will avoid serious decline with a decade or more of $50-$60 oil.
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I disagree,
You will see a slow recovery to a new steady state at those prices. No Mega projects to drive a boom but steady measured sustaining production and debottlenecking and small expansion of existing facilities.
So if you consider sometime this year the bottom we will improve from here over the next decade. The big thing is business, personal and government spending need to be brought in line with the rest of the world instead of the magic bubble we lived in for the last 10 years.