It was bad policy. It hurt Alberta. But a lot of people associate the entire 80s price collapse and decade-long downturn in the industry to the NEP. The price of oil would have collapsed, NEP or no NEP. The economy in Alberta would have tanked, with or without the NEP. Did the NEP give it a nudge in the wrong direction? Yes. But people who are still blaming the NEP for their mortgage being underwater in 1986 are just looking for someone to blame for a global commodity swing that was beyond anyone's control.
I think the downturn we're in now will be a long one, and I'm waiting to see who the myth-makers will blame this one on. The Saudis? Justin Trudeau if he become prime minister? Environmentalists? It will be someone. Because, you know, the global price of oil doesn't just go into the tank - there must be some villain behind the scenes trying to ruin things for Albertans.
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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Last edited by CliffFletcher; 03-23-2015 at 03:20 PM.
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