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http://www.edmontonsun.com/News/ ... 29/4454312-sun.html
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- {9 X( ^" U) L0 K( y# l% OWE ARE PETRO-CANADIANS & l" g' j0 H/ M
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Due to the climate of political correctness now pervading Canada, Albertans will no longer be known as "Rednecks."
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. r7 w( M4 _( o' q6 a* u; mWe must now be referred to as "Petro-Canadians." : w3 m4 F, C; T: ?. r1 L
# `/ H+ e% l3 y# v! nWHY SELL NOW? 2 T: x! {$ W7 q# q( g, I
% V" J; o) N% Y0 HIf 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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/ x& x. R/ X2 p, JIf 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. " k, j1 b' q" @5 B+ m; ]
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We don't quite get it. 5 F; Y- Z/ X; _
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We're squat in the middle of the greatest industrial boom in the freakin' world!
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+ l. ?7 i6 O! t3 YIn the oilsands, including mining projects and upgraders, the government lists 52 planned projects in its Inventory of Major Alberta Projects website. Average price: $3 billion per project. 4 W) g* x. S5 _5 z
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Even with huge slowdowns, at least half those projects will happen. The bitumen upgraders in Strathcona and Sturgeon counties are just starting. Nine proposed upgraders are listed on that website. + F5 F0 P: N ]2 Q0 e
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Upgraders and big oilsands mining projects each require workforces of 5,000 to 6,000 to build over a two-year period.
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Tradesmen will pour into northern Alberta over the foreseeable future. The numbers of expected newcomers range from 3,000 to 10,000 per year, with a multiplier effect all over the region. + @; N3 B) i7 j, x$ _* S
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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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Stricter environmental safeguards will increase the cost of production, but won't severely slow it down. ; h5 i8 R- _1 h6 }% r( ^
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And all those skilled tradesfolks, coming with their families, have to live somewhere. ' N6 c! g, I- ?) l# A! P
% D8 k: H2 r& v bHouse prices will go nowhere but up. |
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