I believe there's another reason for the frowns and worry lines crossing the faces of oil and gas people here in Calgary. The same article, written for the Lifestyles section of the paper, would have an entirely different spin. Yes, there is a dark mood brewing among the people who work in the petrochemical business here. I've seen this mood a lot, having recently had the chance to work among a large number of Calgary's oil and gas people. And, for the most part, I don't believe any of it is directly caused by any of the above stated reasons.Matthew points out that while the price of a barrel of oil has increased by 580% in the last twenty years, the 99% of the people working in the industry who aren't taking the elevator to the executive floors aren't seeing anywhere near that kind of an increase in their pay.
For those who think Calgary is nothing but fleets of Hummers travelling from mansion to board room and back again, think again. As of May Calgary's homeless population surged to over 4000 people living in shelters or the streets and that is almost certainly an under count missing a lot of couch surfers.
Some of whom are working in the oil and gas industry and desperately trying to put together the security deposit and first and last months rent to get a place of their own.