That's a great question.
Probably the key difference from the most recent oil price crash, if we look at 2008-09, is that this is not a global economic crisis. This doesn't have the overriding credit constraints that we had in 2008-09, so that changes the dynamic of it. This is more of an oil supply shock, although, as we all know, there are some significant headwinds in the economy globally as well.
From a government and from an industry point of view, one of the key features—and I've written a bit about this crash versus 2008-09 in Maclean's—is that we didn't have a run-up in prices beforehand. We didn't have this buffering, of whether it's government budgets or industry balance sheets, that came from an unexpected price appreciation, as we had in 2007-08. That translated through to a crash and then you ended up averaging out much better than you would have had you just had that drop. This is a bigger drop against, for example, last year's prices. I think that is a key difference.
In terms of the supply side, you may have to look back to the eighties and nineties to get a better sense of what a global crude glut looks like and how long that can last. Whether we're in that or not, it is going to take a while to tell.