The Death Of The Canadian Oil Dream, A Firsthand Account

by Tyler Durden
ZeroHedge.com
01/08/2016

“It’s no secret that Alberta’s economy is closely linked to the peaks and craters of oil prices—nominal GDP (not adjusted for inflation) swings in tandem with crude prices. It’s why Fort McMurray is like a wounded beast these days. MacKay’s neighbour got laid off this fall. “I watched the bank come and take his truck,” he recalls—it was that or not feed the kids.”

The Rest…HERE

This entry was posted on Saturday, January 9th, 2016 at 2:41 am and is filed under Economics, Oil, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.