Thank you, Mr. Chair.
I think you could answer that really at two levels. What the Prime Minister I believe is referring to is the fact that as oil production ramps up in western Canada, you will likely see the market respond. In fact we're already seeing the market starting to respond.
Line 9, which is an Enbridge pipeline that runs from Sarnia to Montreal, was originally built to go from west Sarnia to east Montreal, bringing western crude to the Montreal market. In the 1990s, for economic reasons, it was reversed. It was bringing imported crude all the way down to Sarnia.
What you're seeing now is that Enbridge, for example, has applied to reverse line 9 as far as Nanticoke, which is just west of Toronto. The idea is that, again, they would be bringing western crude more into the Ontario market and the refinery specifically at Nanticoke. There has been speculation in the media as to whether or not they will eventually reverse it all the way to Montreal, but that's a decision for the company to make.
So you'll probably see some of those adjustments happen. As well, Canada is an international trading country. We also seek energy security at the international level. This is the reason why we're a member of the International Energy Agency, which is a grouping of countries that both produce and consume—largely the consuming countries. These countries band together. We monitor the markets very closely. We have mechanisms where, if there are production shocks, for example, we respond as a group. We also rely on the collective approach to energy security internationally through the International Energy Agency as well.
So I would say it's probably those two things that are at play.