Tuesday, January 23, 2007

History may not repeat, but it definitely rhymes.

Boom and Bust in Alberta
An oil boom creates scores of multi-millionaires but then the party ends

"For a while, it seems as if money really did grow on trees. And everyone wanted a piece of the action."
"During the 1970s, the province’s population increased by a third. Four thousand people a month flood into the province, looking for a share of this modern-day gold rush. "

"Apartment vacancy rates approached zero as Ontarians and Maritimers arrived daily in search of high-paying jobs. " Full Article.

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