< http :// economics. ca / cgi / jab? journal = cpp & view = v07n1 / CPPv07n1p001. pdf > page 8 </ ref >

< http :// economics. ca / cgi / jab? journal = cpp & view = v07n1 / CPPv07n1p001. pdf > pages 2-5 </ ref > These subsidies had a number of side effects, including larger trade deficits, larger federal budget deficits, higher ' real ' interest rates and higher inflation.

< http :// economics. ca / cgi / jab? journal = cpp & view = v07n1 / CPPv07n1p001. pdf > pages 5-6 </ ref >

< http :// economics. ca / cgi / jab? journal = cpp & view = v07n1 / CPPv07n1p001. pdf > page 6 </ ref >

< http :// economics. ca / cgi / jab? journal = cpp & view = v07n1 / CPPv07n1p001. pdf > page 10 </ ref > Some economists speculated the NEP would discourage large-scale oil investment projects and thus reduce these projected revenues.

< http :// economics. ca / cgi / jab? journal = cpp & view = v09n3 / CPPv09n3p284. pdf > page 284 </ ref > The amended agreements allowed for $ 4. 2 billion in higher revenues ($ 1. 7 billion federal government, $ 1. 2 billion each for provincial government and industry ),< ref name =" economics_c "> Canadian Public Policy “ The National Energy Program Meets Falling World Oil Prices ” John F. Helliwell, Mary E. MacGregor and Andre Plourde, Department of Economics, the University of British Columbia.

< http :// economics. ca / cgi / jab? journal = cpp & view = v09n3 / CPPv09n3p284. pdf > page 290 </ ref > which was 30 per cent of the increase that would have been gained from going to world prices.

< http :// economics. ca / cgi / jab? journal = cpp & view = v09n3 / CPPv09n3p284. pdf > page 294 </ ref > meaning that the industry operated throughout the period of the NEP under relatively similar oil prices, the ' made-in-Canada ' price of oil ( see item ( a ) in National Energy Program Details, above ).

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