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Alberta economy is about to nosedive...
Ms Sans Serif
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[quote:ººEATºº:MV8yMTIzMzA5XzM1ODI2NDUyX0E4MTMwODZF] [quote:Anonymous Coward 13014207:MV8yMTIzMzA5XzM1ODI2NDA5XzQyQjYyNUEz] [quote:ººEATºº:MV8yMTIzMzA5XzM1ODI2MzY0XzZGMTJFODFE] The price of Alberta oil has [b]COLLAPSED[/b] over the last few months! I repeat... the price of Alberta oil has collapsed over the last few months. Australia has discovered a HUGE new oilfield. It's funny that the price of Alberta oil collapsed right around the same time that Australia announced the finding of that HUGE new oilfield. Where do you think China will get their oil from now? Hmmm? Canada or Australia? Where will they get it cheaper? Which country is closer to China? [/quote] Pretty sad when Alberta cannot balance its budget if oil is below $95.00 a barrel. [/quote] The problem is that Alberta is getting something like $50 or $60 per barrel of Alberta oil when West Texas prices are $90... [/quote]
Alberta was the engine of the Canadian economy over the last decade.
It is clear that the good times are over now!
The 500,000 dollar houses in Edmonton are about to slip down to 300,000 before ya know it. There will be many 'toys' for sale at bargain prices here in Alberta ( quads, rv's, boats, snowmobiles,etc ).
Alberta has way overspent during the last 10 years and the chickens are coming home to roost.
Frivilous businesses will be going broke in droves over the next few years. Just watch how many of the coffee shops and restaurants here in Edmonton will close their doors this year.
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