Thanks to the ladies and gentlemen for being here today. It's another very informative discussion. I just want to jump right into the questions.
First of all, for Mr. Leach, I know my chief of staff follows you very well. I appreciate your comments. I'm from Edmonton originally as well, and spent time at U of A. We appreciate your opportunity to provide your experience here for our panel.
You were here earlier for the previous witnesses, who brought up The Economist magazine and how the Saudis and OPEC is indicating 400,000 additional barrels a day for 2015 and beyond. How long this goes on, we're not sure. Then our fine chair did a good summary as far as what the impact is.
I'm just wondering whether you believe the energy sector is in a crisis right now, and maybe elaborate on why you think the Saudis have done this at this particular time.