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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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WE ARE PETRO-CANADIANS # {9 Q% A I" w3 m7 [6 x
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks." ' n7 J ]. w- i
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We must now be referred to as "Petro-Canadians."
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& V$ A" I; t2 e/ C4 W# P1 |WHY SELL NOW? 7 D1 } l9 C& B
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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. 3 n1 j/ r) S3 L4 S' z' l4 r
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3 t; }0 L: u. u0 Y, Y* }0 E( j& B7 YIf I was thinking of selling, I'd hold off until 2008 or 2010. 3 b( H) b4 J: f& w& @$ v
: ? J* z$ V8 L& e( \4 H* s0 zHouse prices, with a few peaks and valleys along the way, will continue to increase. - s, @! w9 I5 E8 ]
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We don't quite get it. ' Y h: V3 ]' W' u5 f* F% T' S
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We're squat in the middle of the greatest industrial boom in the freakin' world! , X& B; F" x3 S: n( a
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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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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.
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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.
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' ?* q- y% o1 M8 { ~( |/ 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. 3 b! e) H+ |3 r" S8 q
& {( }0 B# c8 Y3 ], C/ V, s5 ~Every expert in the world says oil prices will not collapse, due to world-wide demand. The price might drop by $10 per barrel, but oil- sand operations can still make a profit at those levels. : H" k, _8 P" t: ^1 V
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down.
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( k0 M4 j" ?/ rAnd all those skilled tradesfolks, coming with their families, have to live somewhere. ( @: ]4 Y& b" i+ r$ P) S5 \
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House prices will go nowhere but up. |
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