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ADMS 1010 Week 8 Oil Fall 2011

Sector compared with 5 prior imperial oil is planning

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Unformatted text preview: transform itself away from dependence on primary producKon •  Yet Canada refines more than it consumes •  Two Royal Commissions – Gordon 1957 and Watkins 1967 (when all is said and done…) Fall 2011 Jim Love ADMS 1010 15 Could it be… The very tariff structure that was supposed to protect our companies from US domination actually led to the foreign domination of our economy? Fall 2011 Jim Love ADMS 1010 16 LegislaKon •  1958 – Borden Royal Commission recommends a body that would advise government – NaKonal Energy Board (NEB) is created •  NaKonal Oil Policy – protects the Canadian industry form imports of cheap foreign oil to protect western producers an encourage exploraKon and development •  Increased prices for Ontario •  NOP not enough to give incenKves for exploraKon Fall 2011 Jim Love ADMS 1010 17 Trudeau and the 1960’s “Just watch me…” Prime Minister Pierre Elliott Trudeau, speaking to a reporter during the October Crisis (1970) Fall 2011 Jim Love ADMS 1010 18 NaKonalism and IntervenKonism ...
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