Sunday, July 02, 2006

The Myth of the NEP

I have said this before about the phoney hysteria around the NEP and its impact on Alberta and others have disputed my claim, so sad too bad. The truth is still the truth. Nice to see it confirmed by an independent source.

Re-inventing the NEP

Larry Johnsrude looks at the memory of the National Energy Program in the Conservative race.

The fact is the NEP did drain more than $1 billion from Alberta. But it also coincided with the drop in world oil prices to about $8 US a barrel from over $40. The two are inextricably linked in peoples’ minds, and Conservative politicians have done nothing to change the perception the NEP somehow caused the world price to tumble.Many of the economic benefits Alberta is seeing now are the result of the NEP’s promotion of non-conventional energy sources such as oil sands, heavy crude and off-shore oil.

Also See:

Living In The Past

Nationalize the Oil Industry

It's Time to Take Back Our Oil and Gas

Corporate Welfare for Big Oil

Dark Prince of Oil Decries Dark Side of Oil

Alberta's Tar Sands Gamble

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