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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html8 A+ ^* a; i; k9 x, b
/ P- W+ u& b1 |+ C: }9 bWE ARE PETRO-CANADIANS
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' a4 N: ^0 I& Q* L) X; c! B( x& ^/ KDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." 5 C+ V) R$ h( H
" d) i$ N* D( Z4 j8 Y# mWe must now be referred to as "Petro-Canadians." " V P1 ^6 R' H# W
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WHY SELL NOW? / A# z$ f0 L P- ]- p% R8 I7 o
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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. 4 V" z7 y0 Z7 h" t! i' ]
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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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: {" {3 {4 P9 P* |In the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. ) T$ l9 y: O O v) i/ N
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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. : O- x0 X2 U* g* P. o |
o/ N+ r9 o& u* _Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period. . L8 g) h ?" u9 P u' _
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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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Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels.
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/ N+ F0 A$ W% U( KStricter environmental safeguards will increase the cost of production, but won't severely slow it down. , t" M% J3 T' I; n
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And all those skilled tradesfolks, coming with their families, have to live somewhere. % k e. d2 M W8 N
; m1 S* H1 P* B% w* wHouse prices will go nowhere but up. |
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