I had mentioned the supply imbalance rather than demand.
I think if we look back through 2014, we see supply running ahead of demand. It wasn't a huge gap, as was suggested earlier, but we saw prices sort of drift lower, and that made sense. As I suggest, that would sow the seeds for an eventual recovery in oil prices. If you look at some of the surveys and inputs into the budget forecasting process, whether provincially or federally, the baseline forecast was a recovery.
Then what we saw—or didn't see, more correctly—was that, on November 27, things were softening up. The OPEC meeting was November 27. OPEC does what OPEC usually does, and I think that was the working assumption everybody had. However, they didn't, because of the concerns or the conspiracy theories, or whatever was driving it. That's why I think the outlook for oil is even more uncertain than typical, because it is not necessarily just about the economics; it's about the politics.