Monday, January 19, 2015

The upside of the downslide of oil

 In Alberta we are used to oil's ups and downs, however, it still causes a lot of emotional turmoil.   There are upsides to the lower costs of oil including easing the strain on short staffed industries, time to build infrastructure and giving workers a chance to re-educate.

CBC highlights the silver lining to lower oil

and the Mayor of Fort McMurray has some insight:

"When you go through a slowdown as a municipality, we’re grateful for them….We actually get to catch up on these things that we fell behind on." Fort McMurray Mayor Melissa Blake

"She says for those who make Fort McMurray their home the latest bust cycle will help rein in the high cost of housing and allow small businesses more opportunity to build, grow and find much needed staff."Read more here

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