Quote:
Originally Posted by lio45
Calgary growth in the second half of the 20th century was on the back of oil, the resource of the moment. What could possibly cause a further doubling in merely half a century in a post-oil world?
Ireland had ~3 million in 1780 and close to 8 million in the 1820s, surely ~35 million (same as Canada) in 2019 is a very very very conservative projection...?
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Not entirely true. Calgary's growth was in part because of oil, but moreso from natural gas, as well as agriculture.
While over the long-term, a matter of decades, global oil demand will eventually decline, however, with LNG plants being built around the globe, including LNG Canada's $40 billion plant in Kitimat, among others, natural gas will supply the world for much of its energy needs for the long-term, far beyond oil. While Calgary is well known for oil companies headquarters, the same producers of oil produce natural gas, which will continue to support Calgary's economy for a long time, especially with global natural gas demand rising to hopefully replace coal fired power plants around the globe. Natural gas is a clean burning fossil fuel (marginally more ghg intensive compared to many hydro powerplants), that would significantly decrease the worlds ghg's if all coal fired power plant were converted to NG. This is good news for BC's economy as well.