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MARKETING CANADA'S ENERGY: A STRATEGY FOR SECURITY IN OIL AND GAS

I. A. McDougall.

Ottawa, Canadian Institute for Economic Policy, c1983.
Distributed by James Lorimer.
148pp, paper, $16.95 (cloth), $7.95 (paper).
ISBN 0-88862-590-1 (cloth), 0-88862-589-8 (paper).


Post-Secondary.
Reviewed by John D. Crawford.

Volume 11 Number 4.
1983 July.


This is a scholarly analysis of Canada's oil and gas requirements, which contains a detailed strategy for ensuring that these requirements will be satisfied in the years ahead. Professor McDougall is mainly concerned with the situation in the near-term, that is, for the next decade or so, and this is a wise restriction, given the potential for change that exists in our modern world. The first chapter provides a survey of Canada's import needs and the relationship of these needs to a volatile international market. The succeeding chapters address the role of government control and agencies in maintaining Canada's energy security.

The text contains fifteen specific recommendations. Some of these are wholly practical in nature, such as the upgrading of crude storage capacity. Their chief thrust is to strengthen the position of the National Energy Board and to supplement it through the creation of new government agencies with powers in such areas as import control and national energy prices. Given the importance of energy supplies and the volatility of the international market, these recommendations seem reasonable. In an appendix, the author provides examples from other countries that suggest that government involvement in energy industries is widespread.

The book may be considered pessimistic in tone, but this is necessary in analysing a situation in which we may hope for the best but must be prepared for the worst. Aimed at an audience already informed of the energy problem, Marketing Canada's Energy provides cogent arguments for a government supervised energy strategy.


John D. Crawford, Frank Hobbs E. S., Victoria, BC.
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