Is it not at the refining stage that you are making enormous profits? In May of last year, a barrel of oil cost $73 and a litre of gas was selling at $1.06 in Quebec. In May of this year, oil was $61 a barrel and gasoline $1.15 a litre. That is a big gap. The difference is certainly the margin that you take at the refining stage. Is it because there are fewer refineries?
We have been told that a reasonable margin should be between 4¢ and 7¢ a litre. In March and April 2007, the refining margin was over 15¢ a litre. Even if you say in your presentation that $5 billion has been invested in modernizing infrastructure, that there is competition, and so on, I find it hard to explain to people in my riding, to average families, why your margins are so high. Is it not because you control the number of refineries in Canada?