Thank you, Chair.
I have to tell you that I have been looking forward to this, to get the economists here, and the one thing that strikes me more than anything else is the relative calm that you have. I think most Canadians in general are a little bit nervous about these oil prices. These are uncharted waters. They are not necessarily uncharted. We've seen this, but it's comforting, I suppose, to some degree to feel that from you because it's something that I was a little bit nervous about, I must say.
I have a few questions that maybe you could clarify for me. I'm wondering where more of a negative effect would be felt. Would it be felt more in the shale gas production in the U.S. or in the oil sands and the offshore? Which area would have more of a negative effect?
I throw that out to anybody.
Mr. Cross, you look like you want to answer.