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| "The Good the Bad and the Ugly" of reliance on one Industry. Oil is hurting still, which means Oil country continues to shed jobs. In my own backyard, Alberta 'the have' continues down the 'have not' road. It would be an opportune time to gear up, retrain and put these folks to work in the Green Revolution as per the Greenpeace report last spring which suggests: Alberta has the potential to create over one hundred and forty-five thousand new jobs — 46,780 jobs in renewable energy, 68,400 jobs in energy efficiency, and 30,000-40,000 jobs in mass transit. Investing in the low-carbon economy would put Albertans to work right away, while diversifying the economy, reducing pollution and health care costs, and building stronger and more resilient communities in the process'all it'll take is for Trudeaumania to roll into town and help us out a little Misery continues across the country
Things have changed drastically in the last two years. the massive supply glut continues to weigh in on the prices. During Asian trading hours on Friday, as of 2:31 (EDT), the US benchmark for crude oil, West Texas Intermediate (WTI) was down 1.12% at $41.46, while on the other hand its counterpart, the global benchmark for crude oil during the same time was down 1.15% at $43.78 per barrel. Companies with smaller market capitalizations began to feel the brunt of the oil prices. In the past two years, over 85 companies have filed for bankruptcy. if the crude environment does not improve in the future, the companies might see a further increase in debt and decrease in profitability. The current fundamentals of the crude market show that a supply glut is still there and would take some time to clear out from the market." more on Oil prices |
Climate Change: How Skewed Are We... Really?
Sunday 7 August 2016
The Good the Bad and the Ugly of reliance on one Industry
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