Canadian Oil Review - Progress and Problems

IT IS almost exactly fifteen years since the discovery of the Leduc oil field and, as this luncheon is part of the Thirteenth Annual Technical Meeting of the Institute's Petroleum and Natural Gas Division, it seems, therefore, a singularly appropriate time to discuss the theme which the program committee has suggested for the occasion - the progress of the Canadian ail industry during the fifteen years since the discovery of the Leduc field. As you will see, I plan to take a few minor liberties with this suggested theme. I shall present ample evidence of growth and progress, but, at the same time, I want to refer to some areas where progress has been anything but conspicuous and to see what can be learned from these areas for the future.
Keywords: business cycle, Canadian Petroleum Association, crude oil, natural gas, oil industry, Canadian, Development, Developments, Discovery, exploration, Growth, Markets, Oil, Oils
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