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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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" ^7 p7 ~# O; M; e$ F9 C7 J( PWE ARE PETRO-CANADIANS & g3 r9 T1 I3 Q6 V
% U6 }% A+ H7 |% c1 @Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." - T6 B8 o' }! o' f0 w; u. ^
& V( b! Y) n; V5 y$ S9 {We must now be referred to as "Petro-Canadians."
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WHY 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. 1 w, F1 @! H; ^& U
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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.
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We don't quite get it.
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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6 p$ r% p8 i: ]; l/ eEven 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. ! @3 W; n- ~, B, S0 k
+ L" F1 U- }# ?8 C5 |Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. " P u" k$ a9 n5 j$ g0 r
: \* H/ ~1 c+ }( h! R0 l" ?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.
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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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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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House prices will go nowhere but up. |
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