The National Energy Program Revisited Research Paper

The National Energy chopine Revisited - Research Paper ExampleThe political platform withal aimed at finding new sources of the Canadian hired gun and oil (Franois 2006). Lastly, the broadcast was aimed at increasing federal sh are on oil and gas revenues. This meant that the program was economic minded. To achieve these objectives, the program then introduced several rules, tax rates and several regulations including the petroleum compensation charge, which was imposed on the countrys domestic refiners (Robert, 2011).The Western obligations especially Alberta were non impressed by the program making the federal-provincial relations reach one of their lowest points. In other words, it meant that the program was not popular in the Western province thus Alberta which also produces most of the oil in Canada (Franois 2006). With indications that the native resources in the nation would fall constitutionally within the provincial jurisdiction domain, most of the Albertans felt tha t the program was a detrimental incursion by the federal government especially where province affairs are involved. To the Albertans, the program was perceived to be only benefiting the eastern provinces. Economically, the Western province felt that the program was sidelining it and sooner favor other parts of the country. Furthermore, there were bankruptcies in the Western province as a go of the program. Businesses such as real estate performed poorly in not only Alberta but also other parts of the country and other petroleum exporting economies including the United States and Norway (Franois 2006). This prospect weakened Alberta in terms of its economic dominance hence faulting the National Energy Program. Generally, the National Energy Program accomplished to federal deficits due to the substantial revenues increase from the gas and the oil sectors. At the same time, Western province GDP fell due to the