It's also important to realize that even though the tax rates have been coming down, tax revenues have been going up. We've seen that in a number of other cases. Although the rates are lower than they were a few years ago, the revenue that the federal government itself is collecting from the oil and gas industry has been going up. It's now around $4.5 billion a year--I think that's what we estimated for 2008. That's higher than a few years ago, when it was around $1 billion to $1.5 billion a year, even with the higher tax rates.
On May 5th, 2009. See this statement in context.