Thank you.
Sorry, I'm going to use the half a minute I have left to ask the other witness a quick question.
Mr. Calnan, you talked about the U.S. sanctions against Iran, which exports much of its oil to China. Iran is a member of the Organization of the Petroleum Exporting Countries, or OPEC, which controls the bulk of global supply.
Are you saying that only Canada, with its major pipeline projects, could supply what Iran wasn't able to export to China and that the other members of OPEC wouldn't be willing to make up the shortfall? I'm curious to hear your thoughts on that.