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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html" L, Y! ?; s1 g! x
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WE ARE PETRO-CANADIANS
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! j! \9 P% S) {* {' e' y yDue to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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6 P' \8 K% L3 D% [+ ^We must now be referred to as "Petro-Canadians."
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9 a8 A, v( b$ p- \! J, FWHY SELL NOW? 0 I. e0 |* {5 V
* \9 L! s5 b1 p& Z( SIf 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. ) v! a: I6 Y+ K' {
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If I was thinking of selling, I'd hold off until 2008 or 2010. " D/ u5 F+ i$ I, M' A% ~9 f
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House prices, with a few peaks and valleys along the way, will continue to increase. , _) S0 d w7 {: K* B
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We don't quite get it.
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2 p; N- ~3 ^; s. TWe're squat in the middle of the greatest industrial boom in the freakin' world! % Q. m5 C# `5 n/ W1 F
- ~) s8 z0 F+ [2 e6 Z/ DIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. ! E: s2 F$ [1 V/ Y5 c; P
1 R: S! g7 o# b7 ZEven 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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' l5 b4 @1 e, d9 pTradesmen 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. M& [3 G1 k2 S6 ^ |* K: d" ^
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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. * H# q0 {( S1 ^& Z) v( Y
- F1 k& T" f, L+ ? tAnd all those skilled tradesfolks, coming with their families, have to live somewhere.
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* `9 e; ? S' _; }( A; pHouse prices will go nowhere but up. |
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