Quote:
Originally Posted by DiracSpike
We've all been waiting a long time for shale to finally calm the #### down and it looks like that's started to happen. OPEC+ will probably announce next week that some production will be coming online due to pressure from some members (russia and iraq) and major customers (india) to pump more but that's not necessarily bad news. While it would place a lid on the rally for now it represents some incremental exhaustion of OPEC spare capacity with demand hopefully running far out in front. That sets up really well as the decade moves forward. Overall it's been a pretty positive headline week, you know its been good if people are even positive about freaking natural gas for once. With coastal gas link, line 3, and tmx on schedule to come online all within two years and a massive thirst for energy in the developing world I'm pretty positive that Alberta will have a better upcoming decade than the last one. It wouldn't be that hard to do, but still.
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Some grounded optimism is good to hear. I had my major layoff from the oilpatch in 2016 and I have since moved on from the industry but it's Calgary so my current industry and so many others livelihoods are still tied to the success of O&G and the health of the provincial economy in general.