December 10, 2013

This Canadian City Could Be the Next Detroit

Joseph Arvai, Globe and Mail

The Associated Press

Just like in Detroit, much of Calgary’s current growth is built on an industrial base that is at the mercy of fickle consumers, and is increasingly under siege from competitors. The trials and tribulations of Alberta’s oil and gas industry have been well documented; not only can consumers get their oil and gas from other suppliers, demand for renewable sources of energy is rising to the point that supply can no longer keep up. Even if industry’s and government’s much-hyped pipelines are built, it’s only a matter of time before alternatives to energy from Alberta dominate the global marketplace.

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TAGGED: Alberta, Calgary, Detroit, Canada

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