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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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2 L7 D3 y0 c1 q1 }9 A# O FWE ARE PETRO-CANADIANS
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, f3 }$ f7 j3 E1 _8 R4 T: Q! ^Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." * L; _! t# v2 x0 d: \- J
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We must now be referred to as "Petro-Canadians."
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, e; t$ c$ }3 t. kWHY SELL NOW? / X; H% I; T8 Y7 g, `- c7 R
6 I( f3 c$ E, D/ W4 X6 ~: K, wIf 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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If I was thinking of selling, I'd hold off until 2008 or 2010. ) C. O; _9 B/ z" m
$ {% M" H" a) ~House prices, with a few peaks and valleys along the way, will continue to increase. , g" e' u4 A( v* n! A
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We don't quite get it.
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& n$ F" `5 v2 V6 K& x: g5 q8 f y" [We're squat in the middle of the greatest industrial boom in the freakin' world! " c8 ^4 u% ~3 Y; R; U1 d: \
0 M$ A, k* i0 U3 lIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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6 D I; o# o5 i6 n8 ]( hUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. : ?$ I. @/ N3 w: s3 h6 @/ U, u0 p
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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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% M: n! L0 v6 A7 FStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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( H* G9 n& \; i- e! \And all those skilled tradesfolks, coming with their families, have to live somewhere.
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- ]; f' S8 Q: ~4 N# j2 ?House prices will go nowhere but up. |
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