The oil and gas industry in Alberta is an interesting one to say the least. It is in the news a consistent amount and is constantly under the spotlight for all of the natural resources that are needed for the industry to prosper and the many, many rules and regulations that have been made over the years. I would still say that the industry is improving in ways that it is making strides to get better but there are still too many issues revolving the industry to say that it is improving overall.
We are running lower on resources in the industry though which goes back to supply and demand. As supply for gas and oil will increase, the demand for it will increase and help the industry. That is until it runs out and the industry will eventually die and the world will be in trouble oil and gas are two of the most important natural resources in the world. Oil and gas are inelastic as they will be needed and paid for no matter what the price due to their importance to so many people.
Oil and gas is an industry that is moving in the right direction and the wrong direction at the same time which is also what this article here states: http://www.albertaoilmagazine.com/2011/09/two-steps-forward-three-steps-back-in-shale-gas-debate/
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