Evidence of meeting #68 for Industry, Science and Technology in the 39th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was prices.
A recording is available from Parliament.
5:35 p.m.
Conservative
The Chair Conservative James Rajotte
Mr. McTeague, this is my last question, and I'd just like the witnesses to answer this.
5:35 p.m.
Liberal
Dan McTeague Liberal Pickering—Scarborough East, ON
That's your interruption, Mr. Chair, and I have the right to respond to it. I didn't interrupt you; please don't interrupt me.
5:35 p.m.
Conservative
The Chair Conservative James Rajotte
I'm not interrupting you, Mr. McTeague, but there are a lot of conversations going on at the side tables. I just want the witnesses to answer this question if they can.
5:35 p.m.
Director General, Petroleum Resources Branch, Department of Natural Resources
Just to clarify, the graph actually shows the price of crude oil for a light sweet. It actually doesn't make any assumptions about the mix of crude, slate, and so forth. What's used to compare in the graphic on page 9 is a light sweet oil. So it doesn't take into account the different products, as I said, in Canada.
We're comparing the price of gasoline with what oil costs at Edmonton Par and WTI.
5:35 p.m.
Conservative
The Chair Conservative James Rajotte
Thank you very much.
I want to thank you for coming in today. And I want to indicate that if there's any further information—and I believe Mr. Masse had a question he was going to table, and also Mr. Bevilacqua—with respect to separating that one chart to show the difference between refining and marketing, that would be very helpful.
Members, we'll suspend for a couple of minutes and then we'll go in camera for the counterfeiting report.
[Proceedings continue in camera]