DougB
Senior Member
Edmonton's has a different reliance on oil and gas, not necessarily less. Calgary depends on expansion and profitability of the industry while Edmonton is more linked to operations and the provincial royalty take. Alberta's oil industry fundamentally changed when the Iranian Revolution boosted prices in the late 70's to the point that unconventional reserves became economic. Those reserves require significantly more capital investment and engineering work, which tipped the focus more towards Calgary..