In terms of strategic reserves, the U.S. is the driver because they're a net importer. In fact, there's the worldwide requirement under the International Energy Agency that says that any importing nation is required to have a certain number of days' supply. For the net exporters, there's no requirement. We're a net exporter of just about every form of energy. There's no real benefit to us. We've got the crude coming out of the ground. We've got the refineries to refine it. We export gasoline and diesel. We export crude oil. We export a lot of electricity. We export lots of natural gas. In a shortage environment, with the way the international energy allocation system works for oil, when we had the Hurricanes Rita and Katrina, we actually were required to reduce our own consumption to be able to export more to the U.S., as were a bunch of European countries. There's no real advantage to Canada's having a strategic reserve.
On October 3rd, 2006. See this statement in context.