There is no doubt that inventory control is very important. As was stated earlier, inventories were really low in the month of February, when the Nanticoke refinery shut down. The same thing occurred in Quebec in 2004, when the Petro-Canada refinery shut down right in the middle of January. Refiners always wait until the last minute to advise people that their refinery has been experiencing problems for one, two or three weeks. As a result, inventories drop. I think there needs to be regular control of inventories and that all refineries should be forced to keep a minimum inventory.
On June 13th, 2007. See this statement in context.