Calgary Boom: Is it all downhill from here?

[Flames in 07]

Originally Posted by SeeGeeWhy

Care to elaborate?

Actually ya, good point. No need reading PIRA and CERA anymore, I'm about to learn how the world works. Let's here it.

[SeeGeeWhy]

Originally Posted by Clever_Iggy

Exactly - Im not a big Bronconnier fan, but he doesnt deserve the criticism he receives for spending and construction. Calgary's infastructure in still 8-10 years behind, according to my uncle who part of the city planning committee.

Aside from the ring road (which was hung up on negotiations with the native bands), the improvement throughout Calgary is overdue. Duerr was a dumb that played it safe and didnt try to implement anything new or make Calgary better.

Bronco is just one in a long line of mayors that isn't doing anything very different about our city and how it develops. He is a crappy mayor, but is not particularly groundbreaking in his ineffectiveness. The guy was a former develoepr himself, what else do you expect his priorities to be? It is a little bit sad about how much we let him get away with, though.

It is a damn shame, because our city is struggling to remain economically competitive and it really shouldn't be.

[La Flames Fan]

Look in the phone book under "Oil & Gas" and you'll be amazed.

Originally Posted by Eddie Bronze

How many oil companies are based out of Calgary right now?

I have a friend who works for one and he gave a figure but I'd like to know the response on here first before I post it. The number seemed a bit staggering to me, and really telling of how the economy is being driven in this city right now.

[Eddie Bronze]

Originally Posted by La Flames Fan

Look in the phone book under "Oil & Gas" and you'll be amazed.

Well it seems to me he said 1700 but based on the numbers given in that other post and it being from a couple years ago, I'd almost think his number was low.

[Sylvanfan]

There's lots of stuff that could go wrong, and it could happen pretty fast. Most of you are too young to remember the 18% interest rates in 1981, and the tsunami of foreclosures and bankruptcies

Much of that was to do with demographics. The demographic bulge in the population placed too much of the countries population in the high borrowing range and low income. Basically every parent had 4 kids trying to borrow money off them. Today that bulge doesn't exist, in fact it's parents not having enough of their own kids to lend to. Demographically we're not seeing another era of double digit interest rates in our life, unless somethig really drastic happens. In which case we're all fata'd anyways no matter what we do.

[crunch]

http://http://www.rigzone.com/analysis/heavyoil/insight.asp?i_id=193

Russia's reserves, due to underdevelopment and the inward nature of government, aren't easily established. CERA and PIRA base rankings on estimations. Again, if Russia weren't a threat, the Americans would pay them no mind.
Does anyone care to entertain me as to why the US hosted the Taliban, a few short years ago, in hopes of establishing pipelines through Afghanistan and on to Indian ports?
While your at it, investigate Saddam's Iraq selling oil in European currency, rather than American currency. Now look at Russia, and connect the possible dots. Russia has a history of taking on the bully...
All of this ties into the "oil" economy.

And yes, my $125,000 house is estimated at least $725,000. My $90,000 house around $350,000.
I didn't realize this thread was about whether I won or lost...

[SeeGeeWhy]

Originally Posted by crunch

http://http://www.rigzone.com/analysis/heavyoil/insight.asp?i_id=193

Russia's reserves, due to underdevelopment and the inward nature of government, aren't easily established. CERA and PIRA base rankings on estimations. Again, if Russia weren't a threat, the Americans would pay them no mind.
Does anyone care to entertain me as to why the US hosted the Taliban, a few short years ago, in hopes of establishing pipelines through Afghanistan and on to Indian ports?
While your at it, investigate Saddam's Iraq selling oil in European currency, rather than American currency. Now look at Russia, and connect the possible dots. Russia has a history of taking on the bully...
All of this ties into the "oil" economy.

And yes, my $125,000 house is estimated at least $725,000. My $90,000 house around $350,000.
I didn't realize this thread was about whether I won or lost...

Crunch, if you have been related to the world of heavy oil for even a short time, the news of Russia's potential heavy oil resource size is not news.

Great, so they have massive potential energy resources. What in Russia's history has shown you that their government is willing to make them available to private interests? Nothing? Then, have they been able to exploit it to their own benefit to any extent? No? Hmm. Then there really isn't much to worry about, then, is there? Venezuela should be an economic powerhouse using that same arguement, but are they?

The biggest impact Russia has in the world of energy right now is on the European natural gas market, and don't fool yourself. A lot will have to happen in order for that to change.

The US is probably more worried about Russia's regression back into communistic government policy and mob rule, and their relative lack of effectiveness as a "partner in democracy" now that China is regaining it's own strength, than what it's oil resources are.

I would think that this is the same reason as to why they have been courting the Indians as you pointed out in your post.

Iraq started trading their oil in Euros in 2000 and look where it got them. Iran has recently been pushing to do the same.... Imperialism aside, a dog has got to eat, and I am pretty sure that if a country is genuinely threatened it will do what it must to retain it's position in the world despite the optics of the course of action it takes.

As for the topic of this thread, i am not surpirsed that it has turned to the scope of discussing the present state of the oil economy. We are one of the few oil producing countries that is actually worried about ramping UP production. The other majors haven't even begun to SNIFF what their thrid rate resources are worth to the world, and it will be a rude awakening to Canada when the do. The nice thing though, is that we will have a head start on the technology and the means to extract the lowest grade petroleum available...

It is the benefits of that head start that we are seeing now in our city and it is up to us to ensure that we do what we can to sustain our lead, or at the very least, make good with the bounty at hand.

[GreenTeaFrapp]

Originally Posted by OracleOfCalgary

Who are you kidding... Calgary is a developers paradise. This is the city in which they are allowed to develop the smallest sized lots of any major city in North America.

How small are the smallest sized lots?

[Flames in 07]

Originally Posted by crunch

http://http://www.rigzone.com/analysis/heavyoil/insight.asp?i_id=193

Russia's reserves, due to underdevelopment and the inward nature of government, aren't easily established. CERA and PIRA base rankings on estimations. Again, if Russia weren't a threat, the Americans would pay them no mind.
Does anyone care to entertain me as to why the US hosted the Taliban, a few short years ago, in hopes of establishing pipelines through Afghanistan and on to Indian ports?
While your at it, investigate Saddam's Iraq selling oil in European currency, rather than American currency. Now look at Russia, and connect the possible dots. Russia has a history of taking on the bully...
All of this ties into the "oil" economy.

And yes, my $125,000 house is estimated at least $725,000. My $90,000 house around $350,000.
I didn't realize this thread was about whether I won or lost...

crunch you are starting to set the world record for amount of times you change the subject and redirect the attention for a single thread.

It wasn't about winning or losing, actually, the last sentance demonstrates my point that it's easy money being made right now. Very easy.

And in the spirit of demonstrating your points in #28 to be incorrect, Russia has gone from holding 'all the cards' to underdeveloped and inwardly focused, hardly a country that holds all the cards. Yes it is because of thier political instability. But their political instability counts, and likely won't change anytime soon. BTW, what does hold hard the cards mean? flooding the world with production? Take a look at the NYMEX strip for crude and let me know if anyone on this planet thinks that will happen anytime soon.

[Slava]

Originally Posted by crunch

To speak against the status quo bemoans negativity only if you simply gain your facts from local media.
No one, no where, is going to invade Iran. Should that happen, it would disturb a very intricate balance where we should worry about things outside of the price of oil. No one wants the very hint of imperialist intentions. This is exactly why Iran not only pushes the envelope, but licks the stamp.
Russia is buying up a lot of European facilities. They have made some very powerful strokes to their benefit.
It's a big world.
Alberta's a stable place to do business, much in the same context as China and Russia have better infrastructure than India for R&D.
We shouldn't overestimate ourselves on a global scale. Rather, we should be deciding what's best for us. That isn't negative, is it??

There is a lot of oil in the ground here; maybe more than some places and maybe less than some others. Its a moot point at this time in history because we are not going to run dry in the very near future.

Geo-politically however, this region is very stable. There are no kidnappings of workers, no refineries being targetted by rebel insurgencies and there are not systemic issues with production and marketing of the oil. I'm not an oil industry expert, but when you look around the globe at our competitors that is not always the case.

There is always a risk to make money, and of course things are cyclical...it won't be like this forever. That doesn't mean that we are looking at a recession right around the corner either.

[photon]

Originally Posted by OracleOfCalgary

Who are you kidding... Calgary is a developers paradise. This is the city in which they are allowed to develop the smallest sized lots of any major city in North America. There is tons of new land coming on line and I happen to know of at least one of these new communities of entry level homes where they have tons of lots but no buyers. Lets also not forget the huge swaths of new land that were recently absorbed into the city.

People can't live on bare land though, the constraint isn't with land.

And I'd like to know that community, I know some people who haven't been able to buy houses and a community that isn't selling might at least give some negotiating room. So please, what community is that?

[ken0042]

Originally Posted by photon

And I'd like to know that community, I know some people who haven't been able to buy houses and a community that isn't selling might at least give some negotiating room. So please, what community is that?

Well, technically this is happening in Auburn Bay- south of Copperfield.

But the reason why they aren't selling; the lots are steaked out, but there's no city infastructure to them yet. Little things that people are picky about like roads, sewers and water. So technically they haven't been able to find buyers for them.