Temporarily we probably will. Overall, most people in Alberta currently enjoy a pretty good standard of living, and whether we admit it or not it’s a lot better than the majority of people in other provinces. Because of this we are less vulnerable to the immediate effects of the crisis. Although we may see prices going up, and business going down, I think it’s safe to say there are more than a few people in Alberta who were financially stable enough prior to the onset of the crisis that we can go unaffected for a while. BUUUUT…in the future, if things continue in the same direction we might actually be worse off than other regions. As far as economical diversity goes, Alberta is severely lacking. Like I mentioned earlier, we are an oil based region and we rely on it in almost every sector of our economy. If the demand for oil and gas ever went down there is little else we could rely on. One sixth of Alberta’s population of 3, 306, 400 – or about 551,066 people are employed by the petroleum industry.* That doesn’t even include all of the “petroleum related” industries and businesses that probably only exist because of the oil boom we were experiencing.

*(http://209.85.173.132/search?q=cache:_VcREQZA-wsJ:www.jobmonkey.com/oilindustry/html/canadian_oil_sands.html+how+many+people+in+alberta+are+employed+in+the+oil+industry&cd=7&hl=en&ct=clnk&client=safari)

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