The oil industry contributes a large quantity to the economy of Alberta. People often complain about the gas prices. If you think you have it hard, check www.albertagasprices.com.
Today Fort McMurray is number 6 at $100.9. it's that much higher, because the more money people have, the higher the prices are raised. Supply and demand my friends.
About every dollar invested in to the oils sands created $9 worth of economic activity globally and $6 in the Alberta economy. Time Magazine has described it as "Canada's buried treasure" and "could satisfy the worlds demand for petroleum for the next century."
In 2006, Alberta exported about 1.35 million barrels per day of crude oil to the United States, supplying 13% of their crude oil import.
The oil sands are very important to the Alberta economy, and it's proving that environmental protection and economical development can happen together.
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I agree. The Oil Sands are bad for the environment but they are making huge profits for the economy of Alberta and even Canada. If we shut down the Oil Sands the economy could go into a major bust or even worse a depression. We can still produce oil but we need to think of better ways to extract the oil so the environment can survive and strive while the oil can flow and grow.
Exactly my point. Survive and strive. Flow and Grow. haha
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