Thank you, Mr. Chair.
Welcome. It's always a pleasure to have you before the finance committee.
I'd like to start by looking at the forecasting that has been done. If you look at the resolution or quasi-resolution of Europe, the fiscal cliff issue in the U.S., or the items we've known for a long time—the bitumen issues and weakening exports—when I look at your forecasts I have to wonder whether it is normal that you have to downgrade your forecast. What have you done over the last number of years? How accurate have your forecasts been in terms of what ultimately is the reality?