I'd find it very difficult to give you the exact numbers for Canada itself, but I can give you an overall picture of what's happening. If you start from the global situation, clearly global demand for refined products is going up. Refineries are being built in various parts of the world. There have been no new refineries built in the United States for about 37 years, and I believe in Canada for 25 or 30 years. In fact, I think our refinery at Scotford was probably the last refinery built here.
The newer refineries are very large, and therefore some smaller, older refineries are being shut down in various parts of the world, particularly in western Europe and North America. So that's the overall trend that's happening.
The liquidity of the global market is such that consumers all over the world are still capable of being supplied. It's relatively easy to move refined products via vessels. It's done every day all over the world. Therefore the optimum use of refined products from the most efficient refineries in the world is the trend that's going on.
Within Canada, the Montreal East refinery is the least competitive refinery in Canada and has been for the last ten years, in terms of profitability. Unfortunately, the refinery has come to the end of its life. I think that is just the realization we've come to. Over a hundred other companies have apparently have looked at this, of which 17 have looked in great detail at the refinery, and have come to the same conclusion. Without significant help from sources outside of private industry, this refinery cannot continue to operate.