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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html. H ^" | X4 y- |
; \0 k2 K4 K7 a7 iWE ARE PETRO-CANADIANS
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+ {$ b( v) Q1 G4 P- A3 v; ADue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." + e8 h) T; n# H
" u9 K) c* t' r7 }4 Z, L5 K8 KWe must now be referred to as "Petro-Canadians."
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! c( ^( o F3 _8 Y5 p( B* P$ jWHY SELL NOW? % A" @" i+ c, f) x7 L9 R2 [4 K
9 b. G5 H: s0 B7 C+ bIf 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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# s) ?" n. i5 q/ p. SIf I was thinking of selling, I'd hold off until 2008 or 2010. u/ A/ X1 q, j0 G# q! T
0 p+ W! [7 D: ?House prices, with a few peaks and valleys along the way, will continue to increase.
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We don't quite get it. 5 p; G8 S6 z: f% V4 d8 `
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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# P" ^$ f! D+ o; M- y) MIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. 5 h1 w3 h6 P& ]4 |7 ~3 X$ J
# k) X2 O7 B% X/ A* y2 [( U4 h" p% pEven 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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3 O' u/ k) F5 L4 SUpgraders 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. $ f/ r$ ?- l n/ ^9 s2 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. * e( ?/ e3 \: K, \. c
2 R' Y4 `- V" t ?" }* YStricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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* s# x7 j9 h7 V8 A9 @ _7 PAnd all those skilled tradesfolks, coming with their families, have to live somewhere. 0 L, {0 w) h9 @
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House prices will go nowhere but up. |
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