We did a fairly robust analysis of the competitiveness determinants of Canadian oil and gas as part of our overall sectoral netcasting.
I should say in terms of oil and gas that the competitiveness of Canadian oil and gas, especially in the U.S. market, is not under threat. It's delivered by fixed assets. Those are pipelines. It goes primarily to Midwestern refiners that have to buy our particular brand of sour heavy crude because they're tooled up with billions of dollars of investment to be able to use that. They can't just switch to Permian basin light supplies. That doesn't work. We pretty much have a captive market there.
As well, our tidewater supply of oil does pretty well. We stack up well in terms of heavy crude against our competitors in Venezuela and Mexico. Again, there are facilities globally that only want that kind of heavy crude. We're well placed. Our assessment—