Thank you very much, Mr. Chair.
There seem to be a lot of different opinions on this, and I wonder if we could get a comment.
I have a quote here from Mr. Manzoni, the CEO of Talisman Energy. He said that the oil market is in a structural fix, with supply growth lagging demand rather than speculative activity fuelling the high prices. While speculation and currency fluctuations are issues, they aren't driving the long-term oil price. He stated, “It's going to stay structurally high for a year or two, certainly not at $140 a barrel...but at $90 plus”.
I wonder if you could comment on that quote, Mr. Diwan, and then maybe Mr. Masters could comment.