Quote:
Originally Posted by Brewmaster
WTI above $80/bbl and rising. NYMEX natural gas at $5.50/MMBtu heading into winter. WCS differential hovering around $12/bbl with Line 3 just brought into service. Things haven't looked this good in years for the producers, and likely the best ever from a profitability standpoint.
The days of oil sands mega projects may be gone but the money rolling in is starting to feel like boom times again. When will we start to see this impact wages, real estate, and ancillary business in the city?
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I know the boom times don't mean necessarily all the jobs coming back anymore. But are companies hiring
some people? That's when you'll see the spin off effects locally, not just windfall profits.