Quote:
Originally Posted by Corral
Trust me I get it. No need for personal attacks. My point is that huge tax breaks and other incentives led to a bloated industry that now has transportation and cost and debt problems. So its not laissez faire. A true market system with all the necessary risks factors would mean a much smaller oil sands and Alberta would have way less people and problems.
And fine. Instead of Fort Mac decor lets talk about the billions of taxpayer dollars being spent to clean up industry mess in the oil patch. The list of socializing the losses is a long one. But you can call it whatever you want
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I think you're probably correct when looking at just Alberta in the near term...the growth spiraled jobs and salaries out of control and we are paying for it now.
The flip side is that these extra mega-projects now online are going to be supplying a steady stream of royalties for the next few decades.
I'd say our massive growth has made Alberta more volatile, but overall better off if we can navigate the volatility.