Thank you.
I'd be happy to do so. That is really consistent with what I talked about in terms of the gains to diversification that I laid out earlier in my comments.
What I do think is that we have to remember that the world is a complex place. Energy and oil markets have always been important, not only in an economic sense but also in the political sense. You just need to re-read Daniel Yergin's book, The Prize, to understand the importance of the politics behind oil.
Of course, as we've seen recently with the Keystone XL decision in the United States, politics can really take over some of the economic interests on the part of everyone with respect to building pipelines. Of course, we have to be careful in Canada not to be too reliant on only one market, and there is some value to diversification as a result.
In fact, in the case of shipping either to California or to Asia, as my colleague Michal Moore has well laid out, there's also economic gain to that. It's not just a political one but also an economic gain that is quite significant. It does potentially increase the GDP in Canada, as I recall, by about a percentage point over the next number of years, if we do export to either Asia or California, partly because we can achieve some better pricing for our product. That's assuming that we also deal with the Cushing inventory problem, where oil has to be sent at a high cost down to the gulf coast. It's more pipelines set up, and we do see an elimination of differential between the international price and the west Texas intermediate price, which will be a big gain for Canada as well.
The main point is that there is economic value to market diversification, but there is also a political value to Canada to achieve more market diversification as well.