ABSTRACT

The partial success is found in the revenue share aspects of the nep. The nep was successful to the extent that it did secure a higher share of revenues for the federal government, from about 7 percent to 16 percent, but short of the avowed goal of about 24 percent, because projected price increases failed to materialize. The full decade of energy policy shows the existence of much consultation, albeit grumpy consultation embellished with the normal expressions of dissatisfaction from those who did not get all that they wanted. The demand-side “off-oil” elements of the nep, aided by the recession and previous conservation efforts, have produced significant results in the form of a 22 percent reduction in oil demand between 1980 and 1983. In other respects, of course, Canada’s earlier energy history showed that there was also at times a dearth of analysis and knowledge, for example about future reserves, industry finances, and procurement decisions.