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National Energy Program
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===GDP=== Alberta's GDP was between $60 billion and $80 billion annually during the years of the NEP (1980-1986). It is unclear whether the estimates took into account the decline in world crude oil prices that began only a few months after the NEP had come into force, the graph of long-term oil prices shows that prices adjusted for inflation did not drop below pre-1980s levels until 1985. Since the program was cancelled in 1986, the NEP was active for five years with among the most expensive for oil prices on record, and the NEP prevented Alberta's economy from fully realising those prices.<ref name="nickles" />[[Image:Alberta Per Capita Federal Contribution and International Oil Price Fluctuations.jpg|thumb|250px|Fluctuations: Oil Prices & Alberta Per Capita Federal Contributions 1975-1981]] ====Provincial per capita federal contributions==== In inflation-adjusted 2004 dollars, the year the NEP took effect (1980) per capita had fiscal contributions by Alberta to the federal government increase 77% over 1979 levels from $6,578 in 1979 to $11,641 in 1980.<ref name="iseee.ca">{{cite journal |first1=Robert |last1=Mansell |last2=Schlenker |first2=Ron |last3=Anderson |first3=John |title=Energy, Fiscal Balances and National Sharing |publisher=Institute for Sustainable Energy, Environment and Economy / University of Calgary |year=2005 |url=http://www.iseee.ca/files/iseee/ISEEEResearchReportNov1805.pdf |access-date=26 June 2008 |archive-url=https://web.archive.org/web/20080626113516/http://www.iseee.ca/files/iseee/ISEEEResearchReportNov1805.pdf <!-- Bot retrieved archive --> |archive-date=26 June 2008}}</ref>{{rp|11}} In the five years prior to the NEP (1975β1979), the per capita contributions by Alberta had approximated the fluctuations in the price of oil (see graph Fluctuations: Oil Prices & Alberta Per Capita Federal Contributions 1975β1981). In 1980, however, the inflation-adjusted average price of oil was only 5% higher than the previous year, but the per capita contributions from Alberta rose 77%<ref name="iseee.ca"/> (see graph Fluctuations: Oil Prices & Alberta Per Capita Federal Contributions 1975β1981). Again in inflation-adjusted 2004 dollars, the year the NEP was terminated (1986) had per capita contributions to the federal government by Alberta collapse to $680, a mere 10% of 1979 levels.<ref name="iseee.ca"/> During the NEP years (1980β1985), only one other province was a net contributor per capita to the federal government: Saskatchewan, which also produces oil. In 1980 and 1981, Saskatchewan was a net per capita contributor to the federal government with a peak in 1981 at only $514, compared to Alberta's peak of $12,735 the same year, both values being 2004 inflation-adjusted dollars.<ref name="iseee.ca"/> Thus, during the NEP (1980 to 1985), Alberta was the sole overall net contributor to the federal government, and all other provinces enjoyed being net recipients.<ref name="iseee.ca"/>
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