Peter Lougheed- Address to Calgary Chamber of Commerce- 13 March 1981
Background
From Lou Hyndman's papers, this speech is given to a friendly business audience at the height of the energy fight between Ottawa and ALberta.
The parallels between 1980-81 and today are many, but there are considerable differences. In 1980-81, inflation was rampant over 10 per cent and interest rates had soared. Oil was trading at historic highs due to the 1979 Iranian revolution. The Alberta economy had enjoyed six straight years of boom conditions. Unemployment was very low and cranes dotted Edmonton and Calgary's skylines. Joe Clark's administration had been dethroned and Pierre Trudeau was back in office. Jimmy Carter had lost the presidency to Ronald Reagan and the rest of the world outside Alberta was spiralling into recession. The National Energy Program was an attack o...