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A comment on The void in Calgary: How office towers emptied in a once bustling downtown. Parent comment

Re:The void in Calgary: How office towers emptied in a once ... by yostrovs on Friday October 15, 2021 @11:00AM (#28878420)
While in the video he compares the infrastructure provided in a Norway town compared to similar ones in Finland and Canada, he doesn't touch on the underlying financial situations in the three countries. In summary, Norway is loaded while Canada and Finland are not. And that's because Norway has drilled hundreds of billions of dollars of liquid oil over many years that Finland and Canada do not have.
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Re:The void in Calgary: How office towers emptied in a once ... by djkivi on Friday October 15, 2021 @12:26PM (#28879569)
Alberta has a lot of oil, and even created a fund, the Heritage Fund, in the 1970s to save some of the wealth from drilling oil.

Unfortunately Alberta has mismanaged that fund so it is now far smaller than Norway's.

https://thenarwhal.ca/norway-s-oil-savings-just-hit-1-trilli...

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Re:The void in Calgary: How office towers emptied in a once ... by yostrovs on Friday October 15, 2021 @12:51PM (#28879931)
Norwegian oil is vastly cheaper to extract and deliver to willing customers than Canadian oil sands.
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Re:The void in Calgary: How office towers emptied in a once ... by Scoundreller on Friday October 15, 2021 @12:28PM (#28879594)
Canada has that, along with low population density. Ok, about 6 times the population and only 2.5x the oil production, but other resources too (we can actually grow stuff even).

We just prefer the colony model of letting the profits go to anyone but the local government.

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Re:The void in Calgary: How office towers emptied in a once ... by yostrovs on Friday October 15, 2021 @12:52PM (#28879949)
Norwegian oil is vastly cheaper to extract and deliver to willing customers than Canadian oil sands. Canadian oil requires prices to be close to $100 a barrel to break even.
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Re:The void in Calgary: How office towers emptied in a once ... by Scoundreller on Friday October 15, 2021 @12:59PM (#28880040)
It requires a lot of energy to extract, but when you’re the extractor of that energy in the first place, your costs ride up and down as your selling price does.

To date, no oil sands operation has shutdown.

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