http://business.financialpost.com/ne...g-the-industry
Beyond has kind of danced around this discussion before, but I think it would be a good conversation to have among the forum goers.
What are your thoughts on the oil industry going forward?
I'm still young at this game, have a lot to learn. All I know is that its mind boggling the changes I've seen since I graduated. 8 years ago, I never would have dreamed some technological progress/ideas would be where they are at now. Electric cars? Weren't even on the radar. The Tesla Roadster was just some toy that nobody paid a lot of attention to.
Alberta could be in some serious trouble. What do we have to offer Canada (and the world) besides our resources? Especially oil and gas? Gas will probably last longer, especially being used in power plants for the time being while solutions are figured out to deal with the ups and downs of renewable power sources.
This is a fascinating article on BC's economy:
http://credbc.ca/role-energy-sector-bcs-economy/
There is always talk of "diversifying" the Alberta economy. Seems a bit like bullshit to me. When service type jobs (and I'm including things like finance and engineering in that description, jobs that can theoretically be done anywhere in the world to provide a service anywhere else) are not limited by location, why be in Alberta?
Are we going to become another Michigan? I suppose time will tell.