Welcome, gentlemen, and thank you for being here today.
In your presentation, you correctly indicate that prices fluctuate. What consumers find really difficult is that prices jump in time for the Christmas and summer holidays. We are trying to understand what is behind that.
I believe that you represent the major oil companies in Canada. Imperial Oil, Petro-Canada, Husky Oil, EnCana, Suncor and Shell, who are the people that you represent, I imagine, racked up record profits of some $12 billion in 2006. That was an increase of 25% over 2005 and 70% over 2004.
My first question is a simple one. How can you tell us in your presentation that your companies are in a really difficult situation when you have been making record profits?