I will certainly try to persuade you otherwise.
On the question of Trans Mountain being $34 billion, that was absolutely unnecessary. It doesn't need to cost $34 billion to build an oil pipeline. Right now, as you may know, some of the shippers are in a legal case with Trans Mountain to figure out what the cost overruns were, what the shippers should be responsible for paying and what the inappropriate expenses were that the government took on in building Trans Mountain. We'll get a better sense of how much that pipeline should or could have cost.
On partly going through Prince Rupert or some northwest port, the idea is not to have to go through Canada's third-largest city and have all of the costs and delays that would bring.
On the question of long-term demand, this is the major question. I feel pretty confident that Canadian heavy oil has a long lifespan in Asia. I'll give you a few reasons. One is that, compared to light oil, heavy oil actually produces less gasoline and more petrochemical feedstock, more jet fuel, more bunker fuel and more diesel. Even as we do see some electrification of transport, especially in light-duty vehicles, we are seeing increases in demand for petrochemical feedstock and jet fuel, and heavy oil is a better mix and a better complement for refineries, given what the Asian market is actually looking for.
That being said—