The boom cycle

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Edmonton is a city in the midst of the oil sands boom.  It’s been a few years since I’ve been out here and the changes are apparent everywhere.  New building everywhere and traffic to match.  The highway in from the airport has been widened and the trip that used to pass through fields and ranches now has Home Depots and housing.

Nowhere is the boom more evident than in the job market.  Restaurants have whole sections closed off because they can’t find wait staff to work them.  Signs are everywhere promising bonuses and incentives to prospective employees.  My company has a hard time finding and keeping warehouse and office workers who are lured away by the constant bidding for their services.  Whether they stay in Edmonton or make the trek north, it’s an employee’s market.

Sooner or later, the boom will bust.  The Alberta government is demanding higher royalties from the oil companies.  It’s hard to imagine that the need for oil will slacken but nothing lasts forever.  How long this up cycle will last is for the gamblers in the stock market to bet on but Edmonton is certainly riding the wave.

One thought on “The boom cycle

  1. Hello, very nice website/blog do you have.
    This week I saw a small photo showing a blue painted Starfighter front section. It looks like it has been taken in November 2007 inside one of the Toronto museum hangars. Since you are one of the volunteers at this museum it would be great if you could tell me if this is true and if so please tell me more about this aircraft.
    We, International F-104 Society, would like to keep up the status of all 104s in the world today.

    Thanks for your time and lots of succes with your volunteer work. The CF-105 replica looks fantastic!!

    Kind regards
    Harry Prins
    chairman International F-104 Society

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