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Crude oil price 1 barrel At around $ 100 per, the COVID-19 limit is almost gone, and Calgary Stampede aims to regain its position as Canada's largest oil industry organization this year.
Rodeo, a 110-year-old event featuring pancake breakfasts everywhere along the way, takes place July 8-17, at dozens of lively parties in the city. A large network will be built.
Stampede was first canceled in 2020 due to the COVID-19 pandemic. Last year's reduced event was attended by 529,000 people, less than half of the regular attendees due to strict global travel restrictions. Stampede expects more than a million people this year, said spokesman Kristen Anderson.
Oil and gas highs have boosted this year's oil patch activity, with sanctions mainly against Russia, a major producer, lagging behind the previous boom in capital investment. Even so, it raises the mood of the industry.
"It's a monster change from two years ago," said Duncan McPhedran, president of Big Guns Energy Services. "Two years ago, almost nothing happened everywhere. Now we have new projects planned and growth."
According to a 2019 Canadian Conference Committee survey. Stampede injects $ 540 million annually into Alberta's economy.
The oil industry party is a hot ticket, said Michelle Mollineaux, marketing director of data company ZEPower Group, which will host the reception next week.
ZE has registered 400 guests. This is twice the capacity of the room and exceeds the number of attendees from 2019. Engage and go back to the old way, "Morinault said. "We haven't seen anyone for a long time."
"Even the villains are excited about it," said Deborah Yedlin, CEO of the Calgary Chamber of Commerce. "Locals who usually leave town during stampede. Some say this year," I'm stuck. "
Actor Kevin Costner will lead Friday's annual parade. Past Marshalls include Walt Disney and the beer mascot dog Spud Mackenzie. ($ 1 = 1.3043 CAD) (Report by Rod Nickel of Winnipeg, edited by Josie Kao)
