no longer a theory, "Peak oil" means canadian oil production, jobs and rental housing are going up for decades to come.
Just a few years ago, everyone from oil executives to government officials and agencies were quick to denounce the idea that we were approaching a point where fossil fuel demand would be outstripped by easy supply from conventional crude. All of a sudden, it's a fact of life to which our global response is the only unknown variable, since the International Energy Association (IEA) released a report in late 2010 declaring peak oil had arrived.
In its report the IEA not only confirmed the existence of and challenges posed by the arrival of peak oil, they declared that we had already surpassed it around late 2005/early 2006!
Western Canada is embarking on a period of unprecedented growth as a result. It has the 2nd largest proven oil reserves in the world next to Saudi Arabia, only a tiny fraction of it extracted, and the price of oil is already well within the range of profitable oil sands extraction.
Prestigious Properties is focused on having our investors profit from the rises in rental housing and real estate values that have only just begun in response to the long term increases in regional economic activity and wealth that are expected from a world increasingly hungry for a reliable supply of oil.
Articles
Canada to increase oil production 68% by 2025 - Jun 2011
Goldman’s gyrating oil forecasts test its influence - May 2011
US sets course to approve Keystone pipeline - Apr 2011
No work in the oil patch yet, but you're hired - Apr 2011
Obama signals new reliance on oil sands - Mar 2011
Large price increases are now required to get more oil - Jan 2011
Does peak oil even matter? - Dec 2010
Even the International Energy Agency expects peak oil now - Dec 2010
Alberta oilsands spinoffs great for economy: $40B spent on projects last year - Dec 2010
After the credit crisis--next it will be oil - Dec 2010
Even the International Energy Agency expects peak oil now - Nov 2010
Oil: Beyond the Barrel - And Over the Cliff - Nov 2010
Peak oil? Go figure. - Nov 2010
Brace for peak oil production by decade's end - Oct 2010
Impending Oil Crisis Will Overshadow Global Climate Change - Sep 2010
Peak oil is history - Sept 2010
A truer picture of China's export machine - Sep 2010
Canadian crude oil production to grow by 54% by 2025, with 81% from Alberta - Jun 2010
