Quote:
Originally Posted by GGG
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.
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Wouldn't that include a substantial decline for the city? Lots of Calgarians will not be able to find work under those conditions not just in Oil and Gas but the service industries, real estate (especially commercial) and construction will all be in decline.
Surely this city cannot sustain the population that moved here in the last 10 years with what will be left over? That's a significant chunk of the population. We had just crossed 1 million people 10 years ago.