Remember... Alberta and especially "Oil" was developed with American $$$. The financiers on Bay and James Streets wanted nothing to do with investing in Alberta. They thought it too risky.

"At its recent peak in 1973, more than 78 per cent of Canadian oil and gas production was under foreign ownership and more than 90 per cent of oil and gas production companies were under foreign control, mostly American. It spurred the National Energy Program under the Trudeau government."