What does everyone do for work?

[banditpowdercoat]

Industrial Elect/Instrumentation Leadhand at a Mine in the NWT, close to the Yukon border.

[fishmanty]

Unit Contact Engineer (IE Process/Operations)!

[Reef Pilot]

Hmmm, wonder how much SW equipment would be up for sale if/when the energy boom ends in Alberta...

[intarsiabox]

Originally Posted by Reef Pilot

Hmmm, wonder how much SW equipment would be up for sale if/when the energy boom ends in Alberta...

About the same amount as in B.C. I guess.

[Reef Pilot]

Originally Posted by intarsiabox

About the same amount as in B.C. I guess.

Well, we have been through that in BC, with the lumber industry downturn and mining (years ago, but coming back a bit now). Having said that, I think the oil and gas boom in Alta (and Sask) is a little bigger than anything we have ever seen in BC, though.

You guys had better hope some pipelines get built... Western Canada Select is already below $55 today. And companies are cutting their cap spending for 2013.

[Reef_Geek]

Originally Posted by Reef Pilot

Hmmm, wonder how much SW equipment would be up for sale if/when the energy boom ends in Alberta...

There would be a lot for sure, but equally, there would be very few people looking to buy. My aquariums would be the least of my worries if the sector tanked... as the economic impact of that would be so far reaching to businesses & lives beyond oil & gas, it'd be like the automotive industry bust in Ontario. People in the local area curb all their discretionary spending and can't find jobs. The cascading economic benefits of consumer spending is what economists call the multiplier effect--which would be all but wiped out.

As it is, I consider all my spending into aquariums as 'sunk costs' (ie it's not a value-retaining asset category and only worthy of salvage value)... just like cars.

[Reef Pilot]

Originally Posted by Reef_Geek

(ie it's not a value-retaining asset category and only worthy of salvage value)... just like cars.

Yup, that's another reason why I like airplanes (I have two floatplanes). Both are worth more than I have into them, as are my hangars. And they just keep going up in value. But we need more of you rich Albertans to keep that demand going...

[intarsiabox]

Originally Posted by Reef Pilot

Yup, that's another reason why I like airplanes (I have two floatplanes). Both are worth more than I have into them, as are my hangars. And they just keep going up in value. But we need more of you rich Albertans to keep that demand going...

There are a ton of workers from BC here in Alberta right now so you got lots of "rich" BC'ens helping out in that department too!

[Reef Pilot]

Originally Posted by intarsiabox

There are a ton of workers from BC here in Alberta right now so you got lots of "rich" BC'ens helping out in that department too!

Yes, that's true... And then they go retire in the Okanagan, with all the other Albertans. That area could be hit hard, too, esp house prices.

[Reef_Geek]

Originally Posted by Reef Pilot

Yup, that's another reason why I like airplanes (I have two floatplanes). Both are worth more than I have into them, as are my hangars. And they just keep going up in value. But we need more of you rich Albertans to keep that demand going...

Will do our best!

Truth be told, everything goes in cycles... business, economy, stocks, real estate, fish poop...