Quote:
Originally Posted by Ozy_Flame
The thing that surprises me is that it appears many people just assume the UCP has all of the silver bullets to solve the provincial economic woes and make Alberta great again. Like in sequential lockstep, they will get the economy back on track in a series of magical steps and put Alberta in the black. I have talked to a few folks who are counting down the days until the UCP is in power and will "fix everything".
It's fantasy thinking.
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And I would love to eat crow if they were actually able to bring back the boom. But I just believe that in itself is a fantasy. The technology for shale has surpassed the oil sands as an ideal investment. The shorter turnaround, better mobility and lower investment really means it is where the money will continue to go now. Gone are the days of oil sand expansion, it just isnt the golden goose anymore and I don't think there is anything a government is going to be able to do to change those market forces.
The best we can hope for is to get pipelines to help lower that differential to get as much as we can of what is pumping now. Output continues to increase with the projects in place now and we need to maximize that. But companies are not going to flood back in at the current status of the market.
I think Calgary especially is going to vote the UCP back to try and get those towers full of people again, but honestly I just don't see it. I don't see anyone being able to, but again, I would love to be proven wrong.