Alberta Royalty Review = The death of the Alberta oilpatch

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Alberta Royalty Review = The death of the Alberta oilpatch

#31

11-26-2007, 06:40 PM

digital-audiophile digital-audiophile is offline

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Not a worldwide oil price crash, but the NEP by the Trudeau govt. in 1980 that killed the Alberta oilpatch. Calgary was destroyed, interest rates went over 20% and people were selling their houses for $1 and walking away from their mortgages.

Here is a little homework for you http://en.wikipedia.org/wiki/National_Energy_Policy

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