It was announced this week, three international oil industry giants will move full speed ahead in northern Alberta oil sands development despite rising costs and increased royalties. Wasn't it reported a few months ago the royalties were going to destroy the oil sands? Total E&P Canada (H.O. France) will spend $10-$15 billion over the next few years on an Edmonton area upgrader and new mines, requiring 1,500 new employees. StatoilHydro Canada Ltd. (H.O. Norway) plans to do 200,000 barrels of bitumen a day in a Fort Saskatchewan upgrader. Marathon Oil (H.O. U.S.) is planning on quadrupling production of refining and is spending billions here to achieve it, and this is only the beginning. It's estimated that 100,000 new jobs will need to be filled over the next 18 months in Northern Alberta. All of these new faces will need new places. So the sky is not falling, on the contrary...it's going to be a bright, bright, sunshiny day.

 
This post has been included in Alberta Information Edmonton Region, AB Information

2 Comments on Jobs galore will help spike market

JAN
21
2008
1 Featured Post

Hello Norm and Lisa,

I'm inviting you to join an active|rain group of your fellow Canadian REALTORS® , the Canada, eh group - http://activerain.com/groups/Canada.

And please include any of your posts with a Canadian angle by also posting them to the group.
(no properties for sale please, listings should be posted to Localism.com)

When I login to ActiveRain.com I always check the Canada, eh group first to read the Canadian posts because Canadian bloggers are so much easier to find there.

I'm looking forward to reading your posts there

1:53pm • #1
Outside Blog
I just stopped by to welcome you to Active Rain. I hope that you get as much out of it as I have. It will give your business a boost! My main AR site is at http://activerain.com/charlottesvillerealestate please visit anytime.
4:29pm • #2

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Norm & Lisa Racine

Spruce Grove, AB

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