FORT ST. JOHN, B.C. — The 21st century Trudeau Liberal Government received a wake-up call this week regarding the debate over the proposed Energy East pipeline.
Given that it would run from Northern Alberta to New Brunswick, its rejection poses the threat of becoming the catalyst of a National Unity dispute — not unlike the one which plagued the 20th century Trudeau Liberal government.
In 1980, in response to recessionary pressures, that government created a National Energy Program, which eventually pushed the Bank of Canada rate over 20 per cent, and is estimated to have cost Alberta between $50 billion and $100 billion.
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The associated dispute didn’t end until Alberta Premier Peter Lougheed — who had stopped development on several oil sands projects — signed an oil and gas prices, and revenue sharing agreement, with then Prime Minister Pierre Trudeau.
Now believing it would help significantly to put, to an end the current energy driven economic crisis, former Ontario Liberal MP Dan McTeague, — who served primarily in the government of Prime Minister Jean Chretien, and is now the GasBuddy.com senior analyst — has a message for Prime Minister Justin Trudeau: approve Energy East quickly.
A footnote for those who don’t follow energy futures, W-T-I stands for West Texas Intermediate and it is the underlying commodity of the oil future’s contract of the New York Mercantile Exchange.