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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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" e; J1 C( t* `3 ]1 d+ GWE ARE PETRO-CANADIANS
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 2 {. U( l& C1 Y9 R, M
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We must now be referred to as "Petro-Canadians."
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$ u( G- \0 d; |8 nWHY SELL NOW?
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- V# M: e7 `0 o& m3 `# a, h- qIf 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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$ f" ^) ]" o/ ]5 m FIf I was thinking of selling, I'd hold off until 2008 or 2010. 7 \! C6 { A% _* c' M! L/ e( Q) ^1 p
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House prices, with a few peaks and valleys along the way, will continue to increase. ; z8 |4 {4 w+ z" X" I5 v
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We don't quite get it. ) r- M( X2 q, ^0 x! h6 H. }
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We're squat in the middle of the greatest industrial boom in the freakin' world! + w, O: C5 W+ L, [
* k7 S0 ]/ w$ |1 }" t& vIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project.
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. 9 x2 e3 Z1 y8 w2 R/ Z2 }# L( x
I9 a+ N' D" y) V/ T* B u) T6 v2 PUpgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. , V4 {$ I e' n2 M$ [8 A4 [7 \4 q6 }
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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.
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# D6 D# u6 f5 A8 fEvery 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. . ?; N) N. T; G; F/ L6 f
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And all those skilled tradesfolks, coming with their families, have to live somewhere. y3 O6 S" g( A, L9 O2 B7 f
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House prices will go nowhere but up. |
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