Nobody likes the idea of excessive regulation that simply prevents things from getting done, and yet we layer it on at every opportunity, it seems.
Competitiveness of the Canadian economy is our theme, Mr. Chair. I'll end with a comment that we've heard at this committee before: The differential on Canadian crude and world prices, mostly being a function of our distribution channels leading only to Cushing, Oklahoma, costs the Crown billions and billions of dollars in lost tax revenue. When transportation bottlenecks prevent us from being able to receive tax revenue, that affects the competitiveness of the Canadian economy. The record of the analysts in their preparation of the report needs to bear this in mind, since last year's budget assumed that the differential was going to shrink rather than grow.