Tuesday, December 01, 2015

Letter to the Globe and Mail

Boom/bust. Repeat

Re The Resources Rout Is Deepening. Why There’s No End In Sight (Report on Business, Nov. 28): After coming off the highest real oil prices in the last century, Alberta was the first province to feel the impact of the commodity supercycle. But we’re accustomed to the endless boom/bust circle. As the joke has it, to make a small fortune in oil and gas you have to begin with a large fortune.
Post a Comment