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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html 
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WE ARE PETRO-CANADIANS  
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9 M# z2 w6 C5 z( C% dDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."  
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We must now be referred to as "Petro-Canadians."  
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+ Q; H7 K4 ~- a& [# fWHY SELL NOW?  
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If 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. . G# Y1 J4 g1 g! A 
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9 g6 S( f% V* x  ?+ _If I was thinking of selling, I'd hold off until 2008 or 2010.  
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House prices, with a few peaks and valleys along the way, will continue to increase. ! `* r6 U: p2 T* p; \' ~) O! u 
 
( i6 i" h. G/ n% k+ O, yWe don't quite get it. 3 i0 S7 i& S9 J9 ^ 
 
! o7 B$ d' h7 P9 f5 U, H4 LWe're squat in the middle of the greatest industrial boom in the freakin' world!  
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: G6 M& K( A  e# q( G. {9 r; Q4 U0 CIn 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. + c4 ^9 d2 e( y5 h/ l) o 
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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. : I8 M3 O: v3 [& X 
 
- v( D% D  X1 cTradesmen 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. - G1 l5 y$ O2 P! J) b% ?2 {0 [$ I 
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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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7 w/ ^8 m9 e2 R5 {: r+ ^Stricter 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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! @8 W. B/ v  ]0 ]6 `House prices will go nowhere but up. |   
 
 
 
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