Canada's Petroleum and Natural Gas Resources

CIM Bulletin, 1952


TH ERE 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 'II population ()f 154,000,000, would 1be equivalent to 17 b11Jrre:ls 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 2!},091,235 barrels in 1950 to an estimated (Dominion Bureau of Statistics) 48,0961800 barrels in 1951.
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