Mr. Carmichael, thank you. I'm afraid on some of these questions we go to the retail end. I'm apologizing in advance. I may be a frustrating witness before this committee. I really would refer to the folks who are expert on the retail end, and people like Mr. Boag, who was with you earlier. I have no experience, personally, on the downstream or the retail end of the industry, so I'm really not qualified to comment there.
The comment I would make is around the tremendous competitiveness in the Canadian upstream oil and gas industry. I mentioned the fact that we have over 100 members. If you roll in the small players, who all compete very aggressively.... There are several hundred upstream oil and gas producers operating in Canada in an extremely competitive environment.
Obviously, the cost of finding, development, and extraction feeds into the cost of a barrel of oil, but the price for the crude oil is set in international markets. We've had a fair amount of discussion around to what extent that is driven strictly by supply and demand, to what extent speculation may have an impact on that, and I would add to what we've heard that obviously there are situations in which political risk is also a significant piece of that. I would say all of those things flow into it.
Again, I apologize if I didn't get to a great deal of your question, but I really don't feel qualified to answer it.