Thread regarding Imperial Oil Limited layoffs

@rx
It was the answer to the gibberish that the posts were spewing out, go and read it, I have provided the posters ID at the bottom.
They were complaining about liberals and rising real estate being a problem and 2009 being such bo-m years.
D-mber the nonsense coming from their bottoms, stronger the reply to call out the bs.

All the bo-m and new projects and plans for future projects and approvals came during the liberal years. All the busts were during the conservative years, the reason the coming slowdown was hidden in 2011 was because the previous projects were already in full motion, yeah you can thank the liberals.
Conservatives were in Otrawa and Alberta, they didn't save any projects from cancellation nor did they build any pipes so yeah, place the blame where it is due.

The way I see it, when real estate rose, YOU CLAIM it is great while the other conservative loving mo--ns below were complaining about it, frankly speaking you people don't seem to be able to come out with any coherent position. Is a rising real estate with immigrants coming good or bad, MAKE YOUR INCOHERENT MINDS UP BECAUSE YOUR POSITION IS OPPOSITE TO THEIRS, YOU PEOPLE'S CANNOT AGREE ON ANY POLICY OR POSITION!!!

Then you claim the financial crisis played a role, well princess the imbecile below thought they were the greatest years ever. Make up your mind, either that poster is a mo--n or you are. EITHER 2009 ONWARDS WERE GREAT YEARS AS HE CLAIMS OR THEY WERE TERRIBLE. MAKE UP YOUR MIND WHICH ONE IS IT!!!! If they were great, then due to projects that were started or built in liberal era. And when it came to conservative contributions, all the projects were folded.

And if commodity prices DID play a role causing a collapse, then there was an even bigger and permanent commodity price collapse starting 2014 so yeah as commodity price collapses, the industry would inevitably contract with high unemployment and possible collapse in real estate prices which is exactly what happend. Nothing to with liberals, if Alberta produces worthless product, its industry will suffer like Detroit.
By your own assertion, the commodity collapse and economic slowdown didn't have anything to do with the party in power, it was the natural economic cycle.
Therefore nothing to do with Notley or liberals unlike the bs these imbeciles were posting and you are too. It was purely a revenue collapsing situation as oil prices dropped, no one was willing to pay 100+ / barrel for a depreciated commodity independent of liberal rules like the imbeciles posted below AND I gave a clear counter argument. THIS ISN’T ABOUT WHAT I SAID, ITS ABOUT YOU PEOPLE MAKING UP YOUR INCOHERENT MINDS ABOUT WHAT CAUSED THE SLOWDOWN WITHOUT SPEWING UNEDUCATED GIBBERISH AND BOY IS NORTHER ALBERTA FULL OF UNEDUCATED IMBECILES!!!

JT paid and built the pipe and not Harper or PP or Kenny or Redford or Smith or stelmach.
JT.

The Arabians and OPEC had the common sense to reduce the oil production and try and stabilize the markets in 2016 and 2020 and 2009. Had they not the slowdown would have been far greater and boy 2011-2014 would have been a repeat of 2009-2010.
Everyone across the globe as well as Rachel Notley seemed to have the common sense that reducing production to prevent gluts and price collapses was a great idea (something that Kenny was also coaxing her to do but half the Conservative voters opposed it with no comprehension of the fact that their own Conservative candidate was supporting it, because as I said, a TYPICAL CONSERVATIVE IS INCOHERENT AND SPEWS IMBECILIC NONSENSE WITH NO CLEAR COMPREHENSION OF POLICY OR WHAT NEEDS TO BE DONE, IT VOTES CONSERVATIVE BY DEFAULT).

I didn't rejoice in the collapse of real estate or the economy and I can assure you JT didn't, you can thank him for the 30 billion for TMX that he provided to make sure it got built. No conservative ever did anything. If conservatives want another, pay from their own pockets and it would be hillarious to see them disappear immediately.

As for project cancellation, environmentalists have never mattered to a corporation, only profits do. Shell left because they wanted fatter margins that were never realized and Hague divested because they wanted more profits, it was widely discussed internally and well known and all employees were made aware, make Albian profitable or else long before the actual sale. They kept the Scotford refinery because it made money, not for environmental concerns but profits because oil sands was a weak proposition and they were uninterested.
Same with total.
Same with red water refinery, CNRL divested and the following expansions didn't come because they don't make any profits. CNRL bought albian because it was below cost and to construct a new project which would cost more and would be lot more risky. Not environmentalism.
Heartland, UE2 etc were high risk low profit propositions and no conservative would ever bankroll such operations.
Never managed to dispose off its upgrader to CNOOC and get out in time before the commodity collapse for this reason, not because of liberals or environmentalists. No conservative would put their own money for saving such a projects.

@mf+1k6dvvtmq
@m2+1k6dvvtmq
@c5+1k6dvvtmq
@af
@c4+1k6dvvtmq
@af+1k6dvvtmq

@nd First, those "bo-m years" (assuming you mean bo-m years) from 1999-2006 under Chrétien weren't just about oil profits; they were a period of massive economic expansion that lifted Alberta's GDP, funded public services, and attracted global investment from companies like Shell, Total, Chevron, and ExxonMobil. Sure, real estate prices rose, but that's a sign of vitality—not a curse. It meant more families could build equity in their homes, local businesses thrived, and the province's tax base grew to support schools, hospitals, and roads. Blaming this on federal Liberals ignores that provincial policies under Klein's Conservatives set the stage for that roar, creating a business-friendly environment that invited those investments.
As for the busts and project cancellations like Fort Hills, Voyageur, Heartland, UE2, and Albian Sands—yes, they hurt, especially in places like Fort McMurray. But these weren't caused by conservative incompetence; they were global market forces at play, like the 2008 financial crisis, plummeting oil prices in 2014-2016, and shifting energy demands. Divestments from Shell, Total, Husky, and Teck starting in 2011? That's partly due to international pressures on fossil fuels, not just local politics. And let's not romanticize the human cost—the "whining" of laid-off workers you mock represents real families facing hardship. But under leaders like Stelmach, Redford, Kenney, and Smith, Alberta rebounded through diversification efforts, royalty reviews, and incentives that kept the industry alive, unlike policies that actively discouraged investment.
Your glee over negative migration in Wood Buffalo and people fleeing Fort Mac during downturns is telling. The 2008-2013 gradual real estate drops and the sharper 2014 declines (with $100,000 price cuts) were painful, but they were followed by recoveries driven by conservative governments prioritizing energy sector revival. The 2016 wildfires were a tragedy, not a "fortunate" market fix—they destroyed lives and homes, but reconstruction under provincial support helped stabilize the area temporarily. Painting this as some vindication ignores how busts are cyclical in any commodity economy; the alternative is perpetual stagnation, which brings its own misery.
Speaking of stagnation, calling the Notley/Trudeau years the "best" because of flat real estate and outward migration is absurd. Under the NDP (2015-2019), Alberta saw the highest unemployment in decades, a carbon tax that hammered small businesses, and regulatory hurdles that scared off investors—leading to over 200,000 job losses in oil and gas alone. People weren't "pursuing better opportunities elsewhere"; they were fleeing a province in decline. Real estate stagnation meant homeowners couldn't sell or build wealth, rentals sat empty, and construction ground to a halt, exacerbating the bust rather than cushioning it. Federal policies under Trudeau amplified this with pipeline delays and anti-energy rhetoric, turning Alberta into a cautionary tale of over-regulation.
Now, on Redford and the return of "out of control" real estate and construction— that's called growth, not incompetence. Under her and successors like Stelmach, Kenney, and Smith, Alberta attracted people back with pro-business policies, leading to immigration surges, booming construction, and yes, rising house prices. Why vote for them? Because Albertans prefer opportunity over decline. These leaders cut red tape, lowered taxes, and fought for pipelines like TMX, which finally got built despite federal obstruction. The result: Alberta's economy leading Canada in GDP growth post-2019, with Fort Mac slowly reviving through new projects and diversification into tech and renewables.
A couple of additional points on real estate to underscore this: Rising prices during booms aren't just inflationary—they reflect demand from a growing population and economy, allowing homeowners to leverage equity for investments, education, or retirement. In Alberta, this has historically created generational wealth, with average home values in Calgary and Edmonton appreciating over 200% from 2000-2022, far outpacing inflation. Stagnant markets, like under Notley, lead to urban decay, reduced property tax revenues for municipalities, and a brain drain as young professionals seek affordability and jobs elsewhere—think Vancouver or Toronto, where high prices coexist with thriving economies. Ultimately, Albertans vote for parties that embrace cycles and build resilience, not ones that flatten everything into mediocrity. If you want endless bust without the bo-m, there are plenty of rust-belt examples to emulate—just not in a province built on ambition

The Liberal government under Chrétien and Martin (1993-2005) benefited from global oil price increases, but so did subsequent governments. The claim that Trudeau "brought back" good times in 2022 ignores that oil prices are set globally, not by Canadian policy alone. For instance, 2022’s high oil prices were largely due to post-COVID demand recovery and geopolitical events like the Russia-Ukraine conflict, not Trudeau’s policies.

Blaming Harper (2006-2015), Redford, or Trump for Alberta’s economic challenges is misleading. The 2008 global financial crisis and fluctuating oil prices impacted Alberta more than any single leader. The cancellation of upgrader projects (e.g., Heartland, Petro-Canada, Suncor’s Voyageur, etc.) was driven by market conditions—high costs, low oil prices, and regulatory hurdles—not solely political decisions. For example, Suncor’s Voyageur cancellation in 2013 was due to unfavorable economics, as stated in their 2013 investor reports. Similarly, Nexen’s CNOOC plant explosion in 2016 was an operational incident, not a policy failure.

The claim of Alberta’s economy being in “full collapse” by 2014 is exaggerated. Oil prices dropped sharply in 2014 due to global oversupply, impacting Alberta’s economy, but it was not a total collapse. GDP contracted by 3.7% in 2015 (Statistics Canada), but recovery began by 2017. Kenney’s 2019 comments reflected ongoing challenges, but oil companies’ decisions were driven by market realities, not just political rhetoric. The 2022 profit surge for ExxonMobil and Imperial Oil (IOL) aligns with global oil price spikes, not Trudeau’s policies.

The accusation of lying ignores verifiable data. Alberta’s economy has always been tied to volatile oil markets, not just political leadership. Misrepresenting these complexities distorts the truth.

@n2
😆 🤣 😂 😹
Yet the bo-m years and bumper profits with heavy investment in oil and gas are synonymous with rising real estate, it was true in 1999-2006 as Alberta roared ahead under Cheritien with solid oil investment from across the globe be it shell, total, chevron, ExxonMobil.

And then come the bust years which coincides with loud whining of laid off oil workers as they end up jobless unable to sell their homes which have no equity left and are underwater and move to a place where they can find a job to pay their bills because all their projects are deemed to be worthless and being canceled. Fort Hills Voyageur, Heartland, UE2, Albian sands comes to mind!!!! Also comes to mind is divestment plans dating back to 2011 like Shell, Total, Husky, Tech resources ....

The cries of Wood Buffalo workers must have been music to your ears as immigration became negative and people left just as their jobs were being lost and people left Fort Mac. 2008-2013 saw smaller gradual drops in real estate in Fort Mac, 2013 onwards as projects were rapidly cancelled saw the drop gain gradual momentum as immigration stopped, people were beginning to leave, operators with multiple properties were seeing their multiple rental homes lose value rapidly, nearly everyone was selling in 2014 with sellers reducing prices by 100,000 in 2014 alone!!!!! Fortunately the 2016 fires burnt so many homes that the glut of empty properties didn't sting as much anymore for a couple of years while re-construction was going on.

As for stagnant real estate, you know you are right, Notley JT years were the best years with stagnant real estate and no rise in prices or migration, actually people leaving Alberta to pursue better opportunities elsewhere.

And then came Redford and we have out of control real estate and heavy construction activity with people coming back to Alberta (Fort Mac is still dead). I dont know why would someone vote for Stelmach Redford, Kenny and Redford with all the immigration and rapidly rising house prices. Why would Albertans keep on voting for such an incompetent party 🥳 😆 🤣 😂 😹!!!

@my A report last month from the Pembina Institute found that before the 2014 oil price collapse, there was a peak of 38 direct oil and gas jobs per thousand barrels produced.
As of 2023, that had fallen by 43 per cent to 22 direct jobs per thousand barrels.

Stagnant housing markets are great btw. Also known as affordable housing. Not artificially inflated by excess immigration.

@mf
😆 🤣 😂 😹 you are even more delusional that I thought was possible. So let me refresh your geriatric memory.
Heartland went bankrupt and the upgrader project disappeared permanently.
Petro Canada cancelled fort hills and when it came back, it was half the size, capital invest and duration with all upgraders cancelled.
Shell planned to expand natural gas production and all cancelled.
Shell planned carmon creek, peace river, JP mine expansion 2, 4 upgraders in Edmonton and total of 7 mines in wood buffalo all cancelled and never came back.
Shell had essentially decided that they will cancel everything and sell all upstream because that was completely useless business to be in along with Alaska offshore. The only asset worth having was the scotford refinery. And 6 years later Shell got rid of its Albian asset to CNRL.
CNOOC/ Nexen was always a failure, thankfully Chinese were d-mb enough to buy it at unprecedented price.
Total never developed its oil sands project for nearly 4 years and then completely cancelled it in 2014.
Suncor cancelled Voyageur in 2013
Nova went into bankruptcy protection in 2009.
Most of the planned projects were never built because of Harper and P-e P-e mismanagement.
Yeah 2009-2014 were terrible years, it was a slow slide down that became very clear in 2014 as the whole economy was collapsing and all the people that were getting snorting oil were beginning to come to their senses.
Fort Mac real estate had already started dropping in 2008 and kept on going down slowly and when everyone came to their senses in 2014, it collapsed completely with condos and houses dropping in 30-50% range.
Calgary downtown office vacancy rate had shot up in 2014 while real estate was dropping.

2022 by comparison was a bumper year, cenovus cnrl imperial... all made their highest profits and their stock shot up like never before like it was 2003-2006.
Calgary housing prices which had been flat since 2008 finally shot up like it was 2004-2006.
Alberta finally was not in a deficit like it was 2004-2006 with bumper revenues to reduce debt.
Its like Liberals in Ottawa are the only ones who bring good luck to Alberta. When its the CONS in Ottawa and Alberta, its a precursor to disaster.

I leave you with these words of wisdom that Jim Prentice said, "Alberta look in the mirror."

@c4 2009-14 was peak oil in Alberta kid. Conservatives.

@c4
Justin... Is that you?
I always wondered what you did after you were kicked out as PM

@ab
APEGA is impotent, no clout and no ability monitor and enforce!!!!

@af
Are you high?
2004 was an unprecedented year after years of Alberta struggling and its oil being worth less than $20 a barrel. 2004-2006 were starting years of a commodity bo-m but clearly you are illiterate so you wouldn't know this sophisticated stuff.
2004-2006 was a liberal Government BTW under Chretien and Paul Martin, good times and brought back by Trudeau in 2022. Unfortunately Trump and Redford destroyed everything.
Then came Harper after Martin and PP was in that government and it has been struggle since.
Alberta saw so many upgrader projects cancelled and projects shut down. Heartland went bankrupt, Petro Canada cancelled their upgrader and just built a mine, suncor cancelled Voyageur, Nexen CNOOC plant blew up, shell cancelled all their planned mines and upgrades building just 1 expansion mine and 1 upgrader expansion while total cancelled all its plans.
You clearly are high.
Things had already started slowing down in 2012 and the bo-m was in the last phases while the currency had started its downward trend and then Jim Prentice told people like you, "Alberta look in the mirror."
By 2014 Albertan economy was in full collapse and then came Kenny in 2019 who went on TV begging oil companies to not throw the employees on the streets.
2022 was a bumper year for oil, ExxonMobil made profits of 60 billion globally, the HIGHEST EVER in the history of EM. IOL made massive profits too after years of low profits.
Stop being g a liar, everything I wrote is verifiable, only you talk hogwash.

You might be able to Unionize Kear or Cold Lake... Maybe.
As for Quarry Park, that wouldn't help. They would have just shut down Quarry Park and sent you packing.
Back during Steven Harpers Conservative Government, there were so many jobs. But people voted for 10 years of "Sunny ways my Friends" and now "Elbows Up".
You get what you voted for.

Too bad engineering association would forbid that lol!!

well said!!!!