Mr. Michael Cleland at the Industry, Science and Technology Committee

On October 3rd, 2006. See this statement in context.

October 3rd, 2006 / 3:50 p.m.

President and Chief Executive Officer, Canadian Gas Association, Energy Dialogue Group

Yes, for natural gas.

So finding and development costs are probably in the order of about $4, which is what the price is today. Most forecasters have an outlook for natural gas in North America that is something a little over $4 to something a little over $6. So if you're asking what is the right price, it might well be in that range. So no, $15 is the result of unusual events and not entirely rational responses.

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