Calgary Economy

[Chadillaccc]

Originally Posted by ItsALondonThing

As someone who is shortly emigrating to Calgary, and as somebody who works for a consultancy in Oil & Gas, I am a little concerned to read the stories in the press over the last few days regarding the drop in oil price and how its likely to be very negative for the Alberta economy. Here are links to just a few:

http://globalnews.ca/news/1617917/oils-crash-threatens-to-derail-booming-alberta-and-canada-too/

http://www.theglobeandmail.com/report-on...so-does-canadas-economy/article21116012/

http://www.edmontonjournal.com/Alberta+e...+from+plunging+price/10295975/story.html

To what extent will this affect Calgary? Will we see big projects cancelled and cut backs in state spending?

Here's a pretty great article on the situation. Worth a read, and should put your mind at ease. Oil sands operate a lot different than other oil.

http://www.theglobeandmail.com/globe-deb...anic/article21142053/#dashboard/follows/