Deja vu – the National Energy Program

October 2020 is the 40th anniversary of Pierre Trudeau’s signature contribution to western alienation.  The budget of 1980 contained the National Energy Program which aimed to redistribute oil wealth from Alberta to the rest of Canada.   The oil boom of the ‘70s was a result of Middle East wars and the emergence of the OPEC cartel that […]

Post-Pandemic Pandemonium

Well I lay my head on the railroad track – Waiting on the Double E But the train don’t run by here no more – Poor poor pitiful me. Warren Zevon The pandemic economic shock to the Canadian economy has been traumatic.  Canada’s and Alberta’s fiscal plans are in the ditch.   Previously, the Liberal government was […]

The Inevitable is Arriving Sooner than Expected

The global shift to a lower carbon future is occurring more quickly as the pandemic and government policies take hold.  These factors demand a more rapid and different energy transition. Are industry and government nimble enough to make the necessary adjustments without further reducing the Alberta economy? The pandemic cratered energy demand globally. The International Energy […]

A Fairly Interesting Report

“The grievances, the inequities, the discontent, the so-called alienation, are real. In Western Canada the problems have been growing steadily for some considerable length of time. This goes back through a succession of governments involving different political stripes.”  Otto Lang 1974 House of Commons In November, the election of a minority Liberal government (without representation […]

Are you better off today?

‘It might be well if you would ask yourself, are you better off than you were four years ago?‘ Ronald Reagan 1980, Jason Kenney 2019 The United Conservative Party’s (UCP) campaign document of a year ago hasn’t aged well.  The document made the case that the NDP government had failed at growing the economy, dealing with […]

North American Energy Security

Can you remember when in 1973-74, OPEC used the oil weapon during the Yom Kippur war? First, it meant raising prices by 17%, then reducing production and finally, establishing an embargo.  The economic disruption in the US, Canada and Europe was dramatic. The recent Saudi-Russian price war brought oil prices to lows not seen in decades.  The […]