In the absence of a sound energy...
Westerners with memories that extend back to the late 1970s and early '80s remember all too well what the last oil crisis wrought. And there's good reason to believe this crisis will result in the same sort of unpalatable legislation and bitter feelings between western and eastern Canadian...
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| Published in | CanWest News p. 1 |
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| Main Author | |
| Format | Newsletter |
| Language | English |
| Published |
Don Mills, Ont
Postmedia Network Inc
09.10.1990
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| Subjects | |
| Online Access | Get full text |
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| Summary: | Westerners with memories that extend back to the late 1970s and early '80s remember all too well what the last oil crisis wrought. And there's good reason to believe this crisis will result in the same sort of unpalatable legislation and bitter feelings between western and eastern Canadians. It's not that westerners don't want the price of oil to go up. An increase to between $25 and $30 a barrel would have left the oilpatch ecstatic since it was hovering below $20 a barrel until Iraq invaded Kuwait. In Alberta, Premier Don Getty is in the counting house counting all his money. So far, higher oil prices have meant a royalties windfall of about $100 million. Oil at $35 a barrel could mean the end of deficit budgeting. |
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