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Pierre Trudeau mocks Lougheed in royalty squabble

The Story

The Arab-Israeli war of October 1973 jolts the energy-consuming world. Arabs cut oil supplies to the United States, making Alberta's crude even more precious. But Prime Minister Pierre Elliott Trudeau slaps an excise tax on the province's oil exports in an attempt to forestall an energy shortage during the Middle East War. Alberta's Progressive Conservative Premier Peter Lougheed fumes over Trudeau's royalty rates in a partisan speech in Vancouver. Trudeau counters Lougheed's attack in this radio clip, "He was caught with his pants down, by the quick-footedness of the multinational oil corporations, and to save himself he blamed the federal government."

Medium: Radio
Program: Sunday Magazine
Broadcast Date: Dec. 9, 1973
Guest(s): Pierre Trudeau
Host: Bob Oxley, George Rich
Duration: 1:27

Did You know?

• Oil royalty rates are payments made by the producer (the Alberta government) to the owner of the site (the federal government).
• The Arab states accelerated the 1973 energy crisis by imposing an embargo on supplies of oil to the United States. The ban was five per cent each month until Israeli forces left "occupied lands and restored the rights of Palestinians."

• The 1973 Middle East War was also called the Yom Kippur War by the Israelis and the October War by the Arabs. Egypt and Syria attacked Israel on the festival of Yom Kippur, which fell on Oct. 6 that year. Though tension between Israel and outlying states had culminated since a ceasefire in 1970, the war lasted only three weeks. By that time, Israel had repulsed the Syrians, surrounded the Egyptians and world leaders called for an armistice.


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