The mayor lays it out: Why Calgary may be starting to climb back from the agonizing recession - Calgary - CBC News

As someone hoping to head to the Calgary area it's nice to read some positivity. Thank you for the share

But then again...Oil prices take another dive — can the oilpatch take it? - Business - CBC News

Just sayin' like eh.

It's all good !! Gas was 97c in Ajax at the week end, that's with Winne's carbon tax added

1.24 to 1.28 currently out my way.

Gas is 87c at Costco in Calgary. That may be good for you and me.
It's not good at all for Calgary and Alberta as a whole.

Or for Canada

but with the approval of Kinder Morgan and Keystone Alberta oil sands are talking about doubling production.

That being said we will see how the very likely change in BC to a NDP government will affect this.

Alberta oil sands production likely to double by 2022 | Financial Post

Just because these projects have government approval does necessarily mean they'll be built.
According to the current Alberta and federal governments B.C. cannot stop the construction of Trans Mountain pipeline. However the B.C. Government, Native communities and environmentalists can drag it through the courts for so long it's a possibility Kinder Morgan might give up on it.

Actions south of the border might have similar results.

It's going to be interesting to watch these two processes as they unfold.

Fluffy nonsense from someone up for re-election shortly. That office building he's talking about is a drop in the bucket and Aspen has had to do some major work to it in order to get tenants.

The reality is that the NDP thought that WTI would be $55 a barrel right now and even with that they're working on a $10.2 billion deficit. Where it actually is right now could run them as high as $15 billion.

If oil prices don't move up sharply in the near future, they're going to have to cut public services and hit us with HST, there's simply no choice. And once you start cutting public services, that means those people are unemployed...

Nelson: Those green shoots wither while $12B deficit looms | Calgary Herald

The longer they leave it the worse it's going to be. I can't help thinking it's an NDP strategy to completely hobble the Tories so they take the hit for introducing HST.

Fracking is what has caused the oil price to plummet. Even more fracking will push the oil price down even further. If you're pumping out twice as much of the stuff for half the price, you're still buggered. Even more buggered actually because the overheads are higher.

I think eventually there will be a blip upward due to lack of investment in exploration, but it won't last long.

With trump arguing for the drop of any environmental levy on the production of crude in the states, Canada is in for a hiding as it cannot compete with the states when the playing field is not level. When oil is cheaper to produce in the states, why would they import from Canada? The states has no shortage of reserves and will exploit it while it has a value, I give oil at the current demand 5 years and then a gradual but significant decline in consumption. The pipeline could be used for water though......

I've lived in Calgary more-or-less since my parents moved here in the 70s, so I've seen my share of boom-bust cycles, including the joys of the NEP.

This one feels different, though. With the international push away from carbon, progress on electric cars, the pushback on pipelines, and how agile the frackers are... I'm not convinced that there is going to be a recovery from this one. Whatever Calgary and Alberta look like in ten years, I don't think it's going to be awash in cash like it used to be and there is a painful correction coming as both provincial spending gets brought down to realistic post-boom levels and non-O&G provincial revenues (so taxes) rise to meet it.

That's one of the reasons why I'm looking at moving back to the UK.

The pipelines are for us to move oil through the US, not to it.

Not my understanding of the problem, the XL is not for the onward sales to a third country, it will be refined in USA and consumed there.