Certainly for anybody that burns oil or that uses oil, and refineries are included in that lower price, available feedstock is an advantage to them. In terms of the Canadian economy and comparative advantage, what we have that other people don't have is a massive oil resource. The world being flooded in oil, that's pretty well unconditionally bad news for our wealth as a country and for our comparative advantage as a country.
On March 10th, 2015. See this statement in context.