Admist all of these fluctuations in oil prices, the oil industries would have many mixed emotions, some going into a frenzy while others welcome it. Alberta, Canada being the oil giant that it is according to some analysts would benefit from separating from Canada and joining the United States as a state and oil powerhouse, so says Peter Zeihan. He states that Alberta possesses traits and attributes that would make it fit perfectly into the American style, and that Alberta would not only be a rich US state, but undoubtedly the richest state in the Union. Its resources and diverse, well-financed economy would undoubtedly be something to look at for the Canadians should they join the US.
Well-known for its large and plentiful energy reserves, Alberta's economy centers on oil production and trade, with the United States as its largest customer. The province ranks second in having the largest revenues a province could manage to obtain in the Western World. In fact, Alberta's gross domestic product amounts to an impressive $16 billion, if not higher.
With Alberta's age population becoming younger due to a large number of citizens moving there for the oil deposits and wealth opportunity, it opens the floodgates for a highly-skilled workforce and better paid as well. On the flipside, Ontario, Quebec, and other provinces population is becoming older and thus puts larger burden of tax payment on Alberta. Should the province integrate with the US, they would be relieved of all tax and currency burdens that may fluctuate. If such is possible to occur, Sasketchewan, the richest Canadian province, would follow suit as well.
The geographic location of Alberta and its HEI (Human Environment Interaction) with the US in the North American region makes this a very feasible theory for its future. The movement from oil from both places is already a prominent trade for the thriving province.
No comments:
Post a Comment