Thank you very much, Mr. Chair.
Thank you to our witnesses for being here today.
It's very interesting. I think there are maybe some pretty good lead-ins between our International Energy Agency comments and some of the comments that we have heard from our witnesses with respect to some of the good work that is being done on reducing energy intensity and some other things.
My first question is to Mr. Sadamori.
Your chief economist has made a couple of statements with respect to global demand for crude growing so quickly that the world needs every single drop of Canadian oil and, in addition, talked about the really small significance in terms of the impact on the CO2 in comparing Canada to other major emitting countries. This is just peanuts. It's a small fraction of peanuts, actually.
With the demand growing for natural gas and the development growing for natural gas, both in the U.S. and through exploration in China and other places, including in Canada, do you still see that huge growing oil demand for Canadian oil in the foreseeable future?