Quote:
Originally Posted by Ozy_Flame
The implicit expectation seems to be to wait until oil hits $100 again and the oil companies come back in droves. I just don't see that happening either. The City, nor CED, nor ANDP, nor the "No" side seem to have any answers.
I'd also use the Pittsburgh example before Detroit; at least Pittsburgh is moving on from its former commodity economy, but it took a long time. I believe the former Mayor even lent advisory services to the City of Calgary or Chamber of Commerce not too long ago.
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The oil price people hear means nothing as long as WCS WTI gap is huge because pipeline projects get delayed or killed and there is no access to market for the oil.