We have a considerable surplus of natural gas relative to the amount we use in Canada. Until the mid-1980s, we regulated natural gas prices and very closely regulated the amount of natural gas that could be exported. We had a much higher price at that time than we enjoyed throughout the rest of the 1980s and the 1990s because we were sustaining an inefficient industry.
Since deregulation, we've considerably more than doubled our natural gas production. We've attracted investment into the industry, and Canadian consumers have done very well as a consequence.
Looking forward, it's not a question of whether we have an apparent surplus or not; it's a question of what it costs to get it out of the ground. We know that in order to bring northern gas into the picture and bring LNG into eastern Canada, we're going to need the kinds of prices we've been talking about. It will be very difficult to see how you could get prices down much from them.