Monday, November 29, 2010

This and That

Cage Match - Ethical Oil vs Enviro Disaster Bringers - "The event was a reprise of sorts of the recent throw-down in Calgary between Levant and Andrew Nikiforuk, author of "Tar Sands: Dirty Oil and the Future of a Continent."

The writer of this article is clearly on the side of the Enviro Disaster Bringers, and admits it. I feel for Ezra Levant yet see his willingness to go and speak in a clearly hostile environment a growing trend amongst oil sands supporters.

Oil Wealth cushions Alberta from soaring loonie - "Alberta's oil wealth is somewhat cushioning the provincial economy against the hard knocks from a soaring loonie, but 2011 will still be a slow ride, says the head of Export Development Canada."

The global demand for oil is down thus limiting the growth that Alberta will experience. Even so our oil wealth will help us make it through the slightly bumpy ride 2011 is showing to be. Alberta's only limit is demand and when demand increases - from China and other growing economies so will our economic health.

This means we can repeat our real estate cycle of buying in the current low market (winter is the best for deals) and sell when the global economy ramps up.

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