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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html2 R- \9 s! L: d9 B- h( H* N
' r' x; K6 e8 W8 R. B. FWE ARE PETRO-CANADIANS " s$ R/ Q, `/ b: z8 ?. B8 U1 S* {
5 Q: ^# P, y4 W1 W zDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 5 B) K/ j0 i: X* c. D7 E
2 Y, g+ i) D7 ~4 S) A' I- e3 vWe must now be referred to as "Petro-Canadians."
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0 t$ Y; H: j. d+ j( G, C6 T- LWHY SELL NOW? ) k* K3 t7 ^1 }/ F& ^! ]
4 y) y X+ N3 N- _) y( z- DIf I didn't own a house in Edmonton, I'd buy right now, with the current 10% dip in prices that have doubled in the past three years.
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6 L) N" L" b+ [) a; \. ^If I was thinking of selling, I'd hold off until 2008 or 2010.
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1 {& p* E0 C, PHouse prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it.
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9 h- d. n+ T" U' ~7 G& j' ?0 i" H+ iWe're squat in the middle of the greatest industrial boom in the freakin' world! / _) ?* N, M6 n8 ]: I
, a- M. L: @# x, Q. tIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. % e% @$ J2 a# A4 u {( ]
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. - F, h5 v5 M2 ~6 X! H6 P
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. $ f* q8 t. W. o, s& j$ s9 Z4 S
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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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0 c3 z) m, S+ t+ j" eStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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And all those skilled tradesfolks, coming with their families, have to live somewhere.
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$ L% V. A- |8 Q1 t; u6 z6 T- o, UHouse prices will go nowhere but up. |
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