Quote:
Originally Posted by RougeUnderoos
That's what I'm kind of wondering myself. The big boom was fuelled by, well, fuel I guess. People still need that fuel, far as I can tell.
I'm no econonomist but I can't see "freefall" in Calgary while so much money is pouring in. I don't think it works that way.
|
There's over $180
BILLION of projects on the books (not speculated, actual approved or in the ground stuff) for Alberta over the next while. There's no possible way they can complete them all in the time they'd like to since even at this pace we can't get enough people to live here, so they'll all be dragged out even longer.. Some economists were forcasting a strong growth until 2013, but have now changed to even longer. Unconventional oil will be in greater and greater demand, and here's a huge source of it in a politically stable environment (thanks Chavez!)
There'll be ups and downs, there'll be strong areas and some areas which don't do well, but with all that going on it's difficult not to think Alberta's still a good play. A sure thing? Of course not, nothing is. The government could shut the oilsands down totally. Oil could drop. Be aware of the risks and decide if it's worth taking them.