#alberta bitumen bubble

[mayo615]

Alberta Bitumen Bubble and The Canadian Economy: Revisiting My 2013 Industry Analysis Case Study

Alberta Bitumen Bubble and The Canadian Economy: Revisiting My 2013 Industry Analysis Case Study

Bitumen prices are low because the province has ignored at least a decade of warnings.

Over five years ago now, March 11, 2013, I published this mayo615 blog poston the Alberta bitumen bubble, and the budgetary problems facing Alberta Premier Alison Redford, and the federal Finance Minister Jim Flaherty at that time, both of whom were surprisingly candid about the prospect for for ongoing…

View On WordPress

[mayo615]

New Accelerate Okanagan Report On Tech Industry: Devil Is Again In the Details

New Accelerate Okanagan Report On Tech Industry: Devil Is Again In the Details

Problems Persist With New 2016 Accelerate Okanagan “Tech Industry Analysis”

 Accelerate Okanagan should be commended for publishing a document, the stated goal of which is to “assist in attracting new talent, companies, and potential investors to the Okanagan, as well to inform policy makers and the media.” Such reports are commonly used to promote a community or region’s economy. However, as…

View On WordPress

[mayo615]

OECD Slashes Canadian Economic Forecast Yet Again

OECD Slashes Canadian Economic Forecast Yet Again

The OECD now projects Canadian growth this year at about 1.5 percent, down sharply from 2.2 percent during its previous temperature reading in March and a full percentage point below its forecast last November.

http://www.youtube.com/watch?v=IyaMR-6dboQ

Carolyn Hyde of Bloomberg News discusses the revised OECD forecast, affecting the Canadian and U.S. economies

Today, June 3rd, the Paris-based…

View On WordPress

[mayo615]

Alberta Bitumen Bubble and The Canadian Economy: Industry Analysis Case Study

Over two years ago now, March 11, 2013, I published this mayo615 blog poston the Alberta bitumen bubble, and the budgetary problems facing Alberta and the federal Finance Minister Jim Flaherty at that time, both of whom were surprisingly candid about the prospect for for ongoing long term budgetary problems for both the Alberta and Canadian national economies. Fast forward two years to today, and…

View On WordPress

[mayo615]

Bank of Canada Sees Ever Widening Economic Impact of Oil Collapse

Bank of Canada Sees Ever Widening Economic Impact of Oil Collapse

The Bank of Canada’s Spring 2015 Business Outlook Survey (link to complete report below) released this week, gives more reason for serious concern regarding the economic prospects for all Canada, and the widening impact of Canada’s “natural resource curse”: it’s fossil fuel based economy. The report points to a significant increase in business pessimism about the economy as a whole, well beyond…

View On WordPress

[mayo615]

Preparing For The Long Term Consequences In Texas And Western Canada

Preparing For The Long Term Consequences In Texas And Western Canada

OPEC Report Downgrades Demand for Its Oil as Prices Fall Again

The growing downturn in the fossil fuels industry has extraordinary implications globally.  While some are proposing theories that this downturn will be short-lived, there simply isn’t much evidence to support an optimistic forecast.  Saudi Arabia is openly executing a long term strategy to squeeze “high cost oil producers,”using…

View On WordPress

[mayo615]

To See The Future Of The Western Canadian Economy Look To Texas

To See The Future Of The Western Canadian Economy Look To Texas

To Understand Alberta’s Future, Look to Texas

Brace yourself. I haven’t gotten the sense that the coming economic bust in western Canada has yet sunk in with all Canadians. The problem is centered in Alberta, but radiates throughout western Canada, and even well beyond in complex ways. If you want to get a credible sense of what we are facing, you need only look to journals like The Wall…

View On WordPress

[mayo615]

Norway Deals With Its "Natural Resource Curse" While Canada Does Nothing

Norway Deals With Its “Natural Resource Curse” While Canada Does Nothing

CBC’s The National has tonight broadcast a public debate on the current oil economy crisis in Canada. A key issue exposed tonight was the contrast between Canada’s national policies on oil wealth and Norway’s.  In the 1990’s both Canada and Norway debated how to manage oil wealth and created funds to invest for future economic development. Today, Norway’s fund is today worth $1.1 Trillion while…

View On WordPress