Oil Developments in Western Canada

Introduction I Appreciate very much the opportunity of discussing with you tonight oil developments in western Canada. These developments are of importance to all of us, first because of their great economic significance to all of Canada, and second because of the location of the new oilfields. Situated as they are in the west and northwest, they are of considerable strategic value from the standpoint of continental defence. The story of oil development in Canada covers a span of almost a century, during which time success in finding reserves of petroleum was barely sufficient to maintain interest in continuing the search. Finally, in 1947, a well of the first importance was completed in Alberta and, judging by discoveries made since then, it appears that Canada, at long last, is to become an important producer of petroleum.