Jobs, Canada down, U.S. Up

[dmlfarmer]

Did the article say how many were in Alberta? Kenney seems to be rather chop happy.

18,000 (25% of Nov losses) were lost in Alberta in November on Kenney's watch.

[Hamloc]

18,000 (25% of Nov losses) were lost in Alberta in November on Kenney's watch.

My personal opinion Dml is that many companies hoped that the Conservatives would win the election. When that didn't happen I think companies abruptly changed course. I believe that it really doesn't matter what Kenney does the energy jobs aren't coming back. Oil is produced with more automation, less employees today. The immediate future for Alberta isn't that bright imo.

[AlbertaFarmer5]

My personal opinion Dml is that many companies hoped that the Conservatives would win the election. When that didn't happen I think companies abruptly changed course. I believe that it really doesn't matter what Kenney does the energy jobs aren't coming back. Oil is produced with more automation, less employees today. The immediate future for Alberta isn't that bright imo.

Those are some very good points. The energy industry has made quantum leaps in efficiency. Oil and gas production are still nearly at record levels, while employment continues to drop.



Those jobs aren't coming back, no matter the price of oil. Technology and progress have deemed them obsolete. The low price of oil just makes that process of becoming more efficient go that much faster. All of those celebrating the end of the oil industry because of low prices, fail to notice that it isn't demand that dropped off, it was a victim of its own success.

There were a number of projects on hold waiting for the outcome of the election, which were then postponed indefinitely, or scrapped altogether, along with the staff. Who would invest in an industry that is unapologetically under attack by the government?

Edit: Link to the oil production chart since it is hard to read.
https://economicdashboard.alberta.ca/OilProduction https://economicdashboard.alberta.ca/OilProduction

[jazz]

18,000 (25% of Nov losses) were lost in Alberta in November on Kenney's watch.

Job losses are unfortunate but more so the ones lost to unrealized projects to expand our production.

But much like the ag sector which once had a lot more people, the commodity is more important than the number of people involved in its production.

[chuckChuck]

Matching supply to the markets ability to move it to the customer is a good business decision. Over production is not. Uncontrolled booms lead to inflation with higher production costs and over supply that come back to bite. Peter Lougheed would have supported slower growth and better planning. And putting away a significant amount of revenue for the eventual bust.

[Hamloc]

Matching supply to the markets ability to move it to the customer is a good business decision. Over production is not. Uncontrolled booms lead to inflation with higher production costs and over supply that come back to bite. Peter Lougheed would have supported slower growth and better planning. And putting away a significant amount of revenue for the eventual bust.

It always amazes me how those on the left worship Peter Lougheed. Myself I certainly thought he was a good leader but with all the rural hospitals he built and his love of crown corporations, what he built was unsustainable. He retired at just the right time and let Don Getty deal with the large deficits that were created by what Peter Lougheed had built. As for putting away more energy royalties for future generations I certainly agree.