Quote:
Originally Posted by Calgarian
People need to realize that Oil is used for far more than just diesel and gasoline. This industry will never go away, it will just get smaller. That being said, Alberta energy companies would be wise to invest in alternative energies so as to be relevant once demand starts to decrease.
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I believe this is already underway in earnest. Just not a noticeable factor yet, since O&G is still the global player.
I have no doubt that we will hit 6 million or higher by 2041, the question is... what happens after that? I believe if we continue to diversify and play on Alberta's strengths (largest solar and wind potentials in the country, I believe), tourism, and manufacturing, we will come out of the oil dominated economy quite strong. That's the thing about having survived on a boom-bust economy for nearly a century(well-over a century by 2041)... we know how to handle a bust and pick it back up.