Ownership and Jurisdiction Of Oil and Gas Resources

CIM Bulletin, 1973

The Honourable A. J . MacEACHEN, President of the Privy Council and Government House Leader, Ottawa.

There are those in this province who believe that large-scale commercial production is just around the corner, and that when it starts Nova Scotia will begin to float on a sea of royalties. These overly optimistic people, of whom I am not one, are convinced that with the first barrel of oil shipped to market, Nova Scotia can forget its financial problems while its people take on the luxurious lifestyle of the shieks of Kuwait or Saudi Arabia
Keywords: Atlantic Provinces, Eastern Canada, Government House Leader, Nova Scotians, oil, commercial production, Development, Developments, Economics, exploration, Government, Governments, Oil, Oils, Production