There's not been a new refinery built in Canada for I believe 20 years, and there's not been a new refinery built in the United States for 30 years. It has not been a very good business to be in. Nobody's got rich.... I had better be careful here. It's not been the greatest business to be in over the past 20 or 30 years. What has happened is that existing refineries have expanded capacity. The technology is now such that you do not build a small refinery. If you're going to build one, it's going to be big. So there are questions about what's going to happen to energy demand in North America over the next 20 years. Does it make sense to make that investment in a big refinery? Not everyone thinks it does.
Having said that, there are some proposals to build a new refinery, one in eastern Canada and one in western Canada, and the market will sort that out.
On oil sands, though, it's important to understand that two kinds of refinery-like activities can take place. The first is turning this tar into crude oil, which is called upgrading, and that involves a big facility like an oil refinery. You either take carbon out or you put hydrogen in, correct? There you go, I'm an expert. At the moment it's something like two-thirds of the bitumen, the raw material, is turned into this synthetic crude. I think Alberta would like that to go higher, and there may be real economic sense in doing that.
So that's the first stage, and that's even more likely to happen than the oil refinery. But at the end of the day, it's really a question for the market to sort out.