Quote:
Originally Posted by AFireInside
Crazy how that point corresponds with with 2 straight months of dropping oil prices and warnings earlier in the year (2014).
As far as the recovery goes I think the trend lines used in better times are pretty silly to use for comparison today. Why not use the trend lines from the mid 80s?
Oil prices and access to market seem to be the problem. It's not carbon tax, and it's not the political party leading the province. If prices stayed high no one would care.
I'm not dedicated to any particular party because that's a moronic concept. All the parties in this province have screwed up consistently. We're in a bad position because the PC party made a mess for decades and high oil prices kept everything hidden. The NDP can't fix all that in 3 or 4 years, not that they would be able to even if they wanted. I'm not a big fan of any political party but this my team vs your team mindset is just silly.
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It's not the drop off that's important, is that the recovery is incredibly muted and has stalled. The trend line from the 80's would be a much higher growth rate as Alberta's economy was REALLY booming then.
Market access is a problem that the NDP should have been working much harder on solving a long time ago. Without a doubt they've destroyed private sector job growth in Alberta, the numbers just don't lie. They can't be booted out of office fast enough.
Here's another great chart showing the comparable recoveries after the even larger oil price driop in 2008.
