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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html, c' Y, K5 \0 C9 D; C; v% |0 w t
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WE 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." 5 H5 {. j/ I( d/ `) T# m
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We must now be referred to as "Petro-Canadians." ! S, L, E0 W' s1 h" c; A
3 D0 | P8 i! BWHY SELL NOW? , U. R6 ~: Y1 E0 l5 m* Q
/ O: P7 B1 M* i" CIf 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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& Y6 k8 v+ A. m: y/ ZIf I was thinking of selling, I'd hold off until 2008 or 2010. 4 O7 \ d8 R. v
- {9 X9 n& I- R: J) G) Y+ F, e9 ?) FHouse prices, with a few peaks and valleys along the way, will continue to increase. " I; l' q' h/ A; x: [
/ ^9 i' ]& B# {& q z8 `We don't quite get it.
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n4 n( n/ R- hWe're squat in the middle of the greatest industrial boom in the freakin' world!
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' z: f; g5 B* {' O$ z/ gIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. 7 q' S! v7 D/ Z* ]( ^' b
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website.
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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9 T4 {( {. B( ?$ b' t4 `( L; {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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1 \2 M. n+ {1 u( q2 NEvery 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. & c/ b8 L, R; |9 F& o# t
k0 s" }) z' ^* m7 c4 cStricter environmental safeguards will increase the cost of production, but won't severely slow it down. ( l8 D: Q7 e Z H2 S
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And all those skilled tradesfolks, coming with their families, have to live somewhere. 3 y" S- i5 b4 c1 F
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House prices will go nowhere but up. |
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