Canada’s Petroleum and Natural Gas Resources

"THERE HAS BEEN a marked growth in the petroleum industry in Canada since the end of the war. The rate of growth in the demand for oil products has exceeded that in United States, although the per capita consumption is still less. Estimates of the consumption of petroleum and petroleum products in Canada in 1951 are approximately 154,000,000 barrels, which is slightly more than 11 •barrels per capita, whereas the estimated consumption in United States for the same period, according to World Petroleum, is placed at 2,619,- 970,000 barrels. This, on the basis of a population of 154,000,000, would be equivalent to 17 barrels per capita. The increase in consumption of the petroleum and products is world wide. World production in 1951 has been estimated (Oil and Gas Journal) at 11,700,000 barrels a day or more than 41;4, billion barrels for the year. United States production increased 13.7 per cent to 6,143,000 •barrels a day and Canada'.s ,, total production increased about 65 per cent from a total of 29,091,235 •barrels in 1950 to an estimated (Dominion Bureau of Statistics) 48,096,800 barrels in 1951.The trend to use increased amounts of petroleum and petroleum products, particularly in the United States and Canada, has also been supplemented by increased use of natural gas. The rate of expansion of the consumption of natural gas in United States in the past few years has been very rapid, increasing from 2,600 billion cubic feet in 1940 to 5,975 billion in 1950, with the proven reserves in the same period increasing from 85,000 billion to 186,000 billion cubic feet."